Shares of Capital Trust, Inc. (NYSE:BXMT) have earned an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $34.00.
BXMT has been the subject of several recent research reports. Zacks Investment Research raised shares of Capital Trust from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. Deutsche Bank AG boosted their price target on shares of Capital Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Capital Trust in a research note on Thursday, April 6th. Finally, BidaskClub raised shares of Capital Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th.
Capital Trust (NYSE:BXMT) traded up 0.977% during mid-day trading on Friday, reaching $30.909. The company had a trading volume of 405,481 shares. Capital Trust has a 12-month low of $27.89 and a 12-month high of $32.47. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 13.288 and a beta of 0.82. The firm has a 50-day moving average price of $31.48 and a 200 day moving average price of $31.00.
Capital Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.02. The business had revenue of $72.47 million during the quarter, compared to the consensus estimate of $74.82 million. Capital Trust had a return on equity of 8.76% and a net margin of 62.32%. During the same period in the prior year, the firm earned $0.67 earnings per share. Analysts expect that Capital Trust will post $2.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 8.06%. The ex-dividend date was Wednesday, June 28th. Capital Trust’s dividend payout ratio is presently 106.44%.
Several institutional investors have recently added to or reduced their stakes in the stock. CAPROCK Group Inc. boosted its position in Capital Trust by 0.4% in the first quarter. CAPROCK Group Inc. now owns 10,670 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 41 shares during the last quarter. US Bancorp DE boosted its position in Capital Trust by 0.6% in the first quarter. US Bancorp DE now owns 19,783 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 124 shares during the last quarter. Ngam Advisors L.P. boosted its position in Capital Trust by 2.0% in the first quarter. Ngam Advisors L.P. now owns 17,124 shares of the real estate investment trust’s stock worth $530,000 after buying an additional 329 shares during the last quarter. Pekin Singer Strauss Asset Management IL boosted its position in Capital Trust by 0.7% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 58,827 shares of the real estate investment trust’s stock worth $1,821,000 after buying an additional 422 shares during the last quarter. Finally, Foster & Motley Inc. boosted its position in Capital Trust by 1.2% in the first quarter. Foster & Motley Inc. now owns 36,166 shares of the real estate investment trust’s stock worth $1,120,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 63.84% of the company’s stock.
Capital Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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