Capital Trust, Inc. (NYSE:BXMT) Treasurer Douglas N. Armer sold 3,658 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $31.86, for a total value of $116,543.88. Following the completion of the transaction, the treasurer now owns 49,561 shares of the company’s stock, valued at $1,579,013.46. The transaction was disclosed in a filing with the SEC, which is available at this link.
Capital Trust, Inc. (NYSE:BXMT) traded up $0.01 during trading on Monday, hitting $32.24. The company had a trading volume of 383,500 shares, compared to its average volume of 640,699. The stock has a market cap of $3,060.00, a P/E ratio of 14.08 and a beta of 0.69. Capital Trust, Inc. has a 52 week low of $29.56 and a 52 week high of $32.47.
Capital Trust (NYSE:BXMT) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. Capital Trust had a return on equity of 8.63% and a net margin of 53.85%. The firm had revenue of $78.60 million for the quarter, compared to analysts’ expectations of $74.35 million. During the same period in the prior year, the firm earned $0.71 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. research analysts forecast that Capital Trust, Inc. will post 2.28 EPS for the current year.
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BXMT has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Capital Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. FBR & Co upped their price target on Capital Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. BidaskClub upgraded Capital Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $33.00 target price on shares of Capital Trust in a report on Friday, September 15th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Capital Trust currently has a consensus rating of “Hold” and a consensus target price of $34.00.
A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in Capital Trust by 11.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,367 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 544 shares during the period. Moody Lynn & Lieberson LLC raised its holdings in Capital Trust by 2.2% during the second quarter. Moody Lynn & Lieberson LLC now owns 104,697 shares of the real estate investment trust’s stock valued at $3,308,000 after acquiring an additional 2,220 shares during the period. Janney Montgomery Scott LLC bought a new stake in Capital Trust during the third quarter valued at about $203,000. Legal & General Group Plc raised its holdings in Capital Trust by 91.4% during the first quarter. Legal & General Group Plc now owns 16,665 shares of the real estate investment trust’s stock valued at $516,000 after acquiring an additional 7,957 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in Capital Trust during the third quarter valued at about $284,000. 59.94% of the stock is currently owned by institutional investors.
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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