Moody Lynn & Lieberson LLC lowered its position in Capital Trust, Inc. (NYSE:BXMT) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,401 shares of the real estate investment trust’s stock after selling 2,296 shares during the quarter. Moody Lynn & Lieberson LLC owned 0.11% of Capital Trust worth $3,176,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of Capital Trust by 91.4% in the 1st quarter. Legal & General Group Plc now owns 16,665 shares of the real estate investment trust’s stock worth $516,000 after buying an additional 7,957 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Capital Trust by 1,288,745.4% in the 1st quarter. BlackRock Inc. now owns 4,175,859 shares of the real estate investment trust’s stock worth $129,284,000 after buying an additional 4,175,535 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Capital Trust in the 2nd quarter worth approximately $3,700,000. Advisors Capital Management LLC raised its holdings in shares of Capital Trust by 4.6% in the 2nd quarter. Advisors Capital Management LLC now owns 883,247 shares of the real estate investment trust’s stock worth $27,911,000 after buying an additional 38,500 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of 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 buying an additional 544 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.
In other Capital Trust news, Treasurer Douglas N. Armer sold 3,658 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $31.86, for a total value of $116,543.88. Following the transaction, the treasurer now directly owns 49,561 shares in the company, valued at approximately $1,579,013.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $31.95, for a total value of $34,186.50. Following the completion of the transaction, the chief financial officer now owns 15,504 shares in the company, valued at $495,352.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,126 shares of company stock valued at $226,729 over the last ninety days. Insiders own 0.91% of the company’s stock.
Capital Trust, Inc. (NYSE BXMT) traded down $0.13 during mid-day trading on Monday, reaching $31.81. The company had a trading volume of 386,700 shares, compared to its average volume of 596,646. Capital Trust, Inc. has a 12-month low of $29.09 and a 12-month high of $32.47. The firm has a market cap of $3,016.49, a PE ratio of 13.89 and a beta of 0.69.
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 Zacks’ 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 during the quarter, compared to analysts’ expectations of $74.35 million. During the same period last year, the firm posted $0.71 EPS. The business’s revenue was down 5.1% on a year-over-year basis. equities analysts expect that Capital Trust, Inc. will post 2.28 earnings per share for the current year.
A number of brokerages have recently issued reports on BXMT. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a report on Thursday, August 10th. BidaskClub raised Capital Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. FBR & Co increased their target price on Capital Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research raised Capital Trust from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.00.
Capital Trust Profile
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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