Wall Street analysts forecast that Corporate Capital Trust (NYSE:CCT) will report earnings per share (EPS) of $0.43 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Corporate Capital Trust’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.44. The business is expected to issue its next earnings results on Wednesday, June 13th.
On average, analysts expect that Corporate Capital Trust will report full year earnings of $1.68 per share for the current fiscal year, with EPS estimates ranging from $1.66 to $1.69. For the next financial year, analysts anticipate that the business will post earnings of $1.66 per share, with EPS estimates ranging from $1.64 to $1.67. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Corporate Capital Trust.
Several research firms have recently commented on CCT. Zacks Investment Research lowered shares of Corporate Capital Trust from a “hold” rating to a “strong sell” rating in a research report on Monday, March 12th. Wells Fargo began coverage on shares of Corporate Capital Trust in a research report on Wednesday, February 21st. They issued an “outperform” rating and a $20.00 price target on the stock.
The company also recently disclosed a special dividend, which will be paid on Monday, May 21st. Investors of record on Monday, May 14th will be paid a dividend of $0.1013 per share. This represents a dividend yield of 10.24%. The ex-dividend date of this dividend is Friday, May 11th. Corporate Capital Trust’s payout ratio is 104.55%.
In other news, Director Frederick Arnold acquired 5,000 shares of Corporate Capital Trust stock in a transaction that occurred on Thursday, March 8th. The shares were acquired at an average price of $16.00 per share, with a total value of $80,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd C. Builione acquired 15,000 shares of Corporate Capital Trust stock in a transaction that occurred on Thursday, March 8th. The shares were purchased at an average cost of $16.13 per share, for a total transaction of $241,950.00. The disclosure for this purchase can be found here. Insiders have purchased 29,000 shares of company stock worth $467,030 in the last three months.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ruggie Capital Group purchased a new position in shares of Corporate Capital Trust during the fourth quarter valued at approximately $1,063,000. NorthRock Partners LLC purchased a new position in shares of Corporate Capital Trust during the fourth quarter valued at approximately $8,924,000. IFG Advisory LLC purchased a new position in shares of Corporate Capital Trust during the fourth quarter valued at approximately $929,000. CWM LLC purchased a new position in shares of Corporate Capital Trust during the fourth quarter valued at approximately $360,000. Finally, Ares Management LLC purchased a new position in shares of Corporate Capital Trust during the fourth quarter valued at approximately $7,393,000. 12.38% of the stock is currently owned by institutional investors and hedge funds.
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Corporate Capital Trust Company Profile
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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