Capital Trust, Inc. (NYSE:BXMT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.
A number of other research analysts have also recently weighed in on BXMT. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Capital Trust in a research report on Tuesday, July 4th. 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 research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.00.
Shares of Capital Trust (NYSE:BXMT) opened at 30.70 on Friday. The stock has a market capitalization of $2.91 billion, a P/E ratio of 13.20 and a beta of 0.80. Capital Trust has a 52 week low of $27.89 and a 52 week high of $32.47. The company’s 50-day moving average is $31.04 and its 200 day moving average is $31.02.
Capital Trust (NYSE:BXMT) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $72.47 million for the quarter, compared to analyst estimates of $74.82 million. Capital Trust had a net margin of 55.05% and a return on equity of 8.76%. During the same period last year, the firm earned $0.67 earnings per share. On average, equities analysts forecast that Capital Trust will post $2.48 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently bought and sold shares of BXMT. BlackRock Inc. raised its stake in shares of Capital Trust by 1,288,745.4% during the first quarter. BlackRock Inc. now owns 4,175,859 shares of the real estate investment trust’s stock valued at $129,284,000 after purchasing an additional 4,175,535 shares during the period. Vanguard Group Inc. raised its stake in shares of Capital Trust by 5.7% during the first quarter. Vanguard Group Inc. now owns 7,265,081 shares of the real estate investment trust’s stock valued at $224,927,000 after purchasing an additional 392,562 shares during the period. Renaissance Technologies LLC raised its stake in shares of Capital Trust by 211.8% during the first quarter. Renaissance Technologies LLC now owns 563,180 shares of the real estate investment trust’s stock valued at $17,436,000 after purchasing an additional 382,560 shares during the period. Clough Capital Partners L P raised its stake in shares of Capital Trust by 19.8% during the first quarter. Clough Capital Partners L P now owns 1,032,400 shares of the real estate investment trust’s stock valued at $31,963,000 after purchasing an additional 170,903 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Capital Trust during the second quarter valued at approximately $3,700,000. Institutional investors own 61.86% of the company’s stock.
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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