Capital Trust, Inc. (NYSE:BXMT) was downgraded by analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Capital Trust from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, October 17th. Bank of America Corporation lowered shares of Capital Trust from a “buy” rating to a “neutral” rating in a report on Wednesday, December 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Capital Trust currently has an average rating of “Hold” and a consensus target price of $30.67.
Shares of Capital Trust (NYSE:BXMT) traded up 0.23% during mid-day trading on Monday, reaching $30.95. The company’s stock had a trading volume of 164,393 shares. The stock has a 50 day moving average of $30.45 and a 200-day moving average of $29.35. Capital Trust has a one year low of $22.13 and a one year high of $31.35. The stock has a market cap of $2.91 billion, a P/E ratio of 11.63 and a beta of 0.94.
Capital Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.07. Capital Trust had a net margin of 59.83% and a return on equity of 9.35%. During the same period last year, the firm posted $0.72 earnings per share. On average, equities research analysts expect that Capital Trust will post $2.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 8.03%. The ex-dividend date is Wednesday, December 28th. Capital Trust’s payout ratio is 92.88%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can bought a new stake in shares of Capital Trust during the second quarter worth $22,931,000. Toronto Dominion Bank raised its stake in shares of Capital Trust by 96.2% in the second quarter. Toronto Dominion Bank now owns 1,175,449 shares of the real estate investment trust’s stock worth $32,525,000 after buying an additional 576,449 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of Capital Trust by 25.5% in the second quarter. BlackRock Fund Advisors now owns 2,339,042 shares of the real estate investment trust’s stock worth $64,721,000 after buying an additional 474,826 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Capital Trust by 14.5% in the second quarter. Neuberger Berman Group LLC now owns 3,352,512 shares of the real estate investment trust’s stock worth $92,764,000 after buying an additional 423,904 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of Capital Trust during the second quarter worth $11,049,000. 70.64% of the stock is owned by hedge funds and other institutional investors.
About Capital Trust
Blackstone Mortgage Trust, Inc is a holding company, which conducts its operations as a real estate investment trust. The Company is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. Its 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, residential, retail, industrial and healthcare sectors in North America and Europe.
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