Russell Investments Group Ltd. bought a new stake in shares of Capital Trust, Inc. (NYSE:BXMT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 117,076 shares of the real estate investment trust’s stock, valued at approximately $3,700,000. Russell Investments Group Ltd. owned about 0.12% of Capital Trust as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of Capital Trust during the first quarter valued at approximately $108,000. PNC Financial Services Group Inc. boosted its position in shares of Capital Trust by 11.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,367 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 544 shares during the last quarter. WFG Advisors LP boosted its position in shares of Capital Trust by 785.7% in the first quarter. WFG Advisors LP now owns 6,200 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 5,500 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Capital Trust during the first quarter valued at approximately $202,000. Finally, Green Square Capital LLC boosted its position in shares of Capital Trust by 6.7% in the first quarter. Green Square Capital LLC now owns 7,450 shares of the real estate investment trust’s stock valued at $235,000 after buying an additional 465 shares during the last quarter. Institutional investors own 65.58% of the company’s stock.
Capital Trust, Inc. (NYSE BXMT) traded down 0.16% during trading on Friday, reaching $31.22. 408,569 shares of the company were exchanged. The firm’s 50-day moving average is $31.01 and its 200 day moving average is $31.02. Capital Trust, Inc. has a one year low of $27.89 and a one year high of $32.47. The company has a market capitalization of $2.96 billion, a P/E ratio of 13.42 and a beta of 0.81.
Capital Trust (NYSE:BXMT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $72.47 million for the quarter, compared to the consensus estimate of $74.82 million. Capital Trust had a net margin of 55.05% and a return on equity of 8.76%. During the same quarter in the prior year, the company posted $0.67 earnings per share. On average, analysts anticipate that Capital Trust, Inc. will post $2.48 EPS for the current fiscal year.
Several brokerages have recently commented on BXMT. Keefe, Bruyette & Woods restated a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a research report on Thursday, August 10th. BidaskClub cut shares of Capital Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research cut shares of Capital Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Capital Trust has an average rating of “Hold” and an average target price of $33.00.
About Capital Trust
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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