Shares of Corporate Capital Trust Inc (NYSE:CCT) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $19.75 for the company and are anticipating that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Corporate Capital Trust an industry rank of 76 out of 255 based on the ratings given to its competitors.
Several research firms have weighed in on CCT. Zacks Investment Research cut Corporate Capital Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. ValuEngine cut Corporate Capital Trust from a “buy” rating to a “hold” rating in a report on Friday, April 27th.
Shares of CCT opened at $16.59 on Wednesday. The company has a market cap of $2.04 billion and a P/E ratio of 10.77. Corporate Capital Trust has a 12-month low of $14.43 and a 12-month high of $19.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.25 and a current ratio of 0.25.
Corporate Capital Trust (NYSE:CCT) last released its quarterly earnings results on Tuesday, May 15th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $99.64 million for the quarter, compared to analysts’ expectations of $101.60 million. Corporate Capital Trust had a net margin of 40.13% and a return on equity of 7.01%. equities analysts expect that Corporate Capital Trust will post 1.61 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 10th. Shareholders of record on Friday, June 29th were issued a dividend of $0.4022 per share. This represents a $1.61 annualized dividend and a yield of 9.70%. The ex-dividend date of this dividend was Thursday, June 28th. Corporate Capital Trust’s dividend payout ratio is presently 104.55%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mount Yale Investment Advisors LLC purchased a new position in Corporate Capital Trust during the 1st quarter valued at approximately $110,000. Westside Investment Management Inc. purchased a new position in Corporate Capital Trust during the 4th quarter valued at approximately $107,000. Wealthcare Advisory Partners LLC grew its holdings in Corporate Capital Trust by 940.6% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,667 shares of the company’s stock valued at $163,000 after buying an additional 8,738 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Corporate Capital Trust during the 1st quarter valued at approximately $170,000. Finally, Vantage Investment Advisors LLC grew its holdings in Corporate Capital Trust by 319.7% during the 1st quarter. Vantage Investment Advisors LLC now owns 10,089 shares of the company’s stock valued at $171,000 after buying an additional 7,685 shares in the last quarter. Institutional investors and hedge funds own 19.73% of the company’s stock.
About Corporate Capital Trust
Corporate Capital Trust Inc is headquartered in Orlando, Florida, United States and is engaged in the financial intermediation activities. The company offers Trust. The company was founded in 2010.
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