Other equities analysts have also issued reports about the stock. Deutsche Bank AG upped their price objective on shares of Capital Trust from $33.00 to $34.00 and gave the stock a buy rating in a report on Friday, April 28th. Keefe, Bruyette & Woods restated a buy rating and issued a $32.00 price objective on shares of Capital Trust in a report on Thursday, March 16th. TheStreet lowered shares of Capital Trust from a b- rating to a c+ rating in a report on Monday, March 13th. Finally, Zacks Investment Research upgraded shares of Capital Trust from a sell rating to a hold rating in a report on Monday, April 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $32.67.
BidaskClub cut shares of Capital Trust, Inc. (NYSE:BXMT) from a strong-buy rating to a buy rating in a research note published on Saturday, July 8th.
Capital Trust (NYSE:BXMT) traded down 0.03% during mid-day trading on Friday, reaching $30.67. The company’s stock had a trading volume of 493,684 shares. The firm has a market cap of $2.91 billion, a PE ratio of 13.19 and a beta of 0.81. Capital Trust has a 12-month low of $27.89 and a 12-month high of $32.47. The company has a 50-day moving average price of $31.44 and a 200-day moving average price of $31.00.
Capital Trust (NYSE:BXMT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.02. The firm had revenue of $72.47 million during the quarter, compared to analyst estimates of $74.82 million. Capital Trust had a net margin of 62.32% and a return on equity of 8.76%. During the same quarter in the previous year, the firm earned $0.67 earnings per share. On average, equities research analysts expect that Capital Trust will post $2.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 8.09%. The ex-dividend date of this dividend was Wednesday, June 28th. Capital Trust’s payout ratio is currently 106.44%.
Several large investors have recently made changes to their positions in BXMT. Pecaut & CO. purchased a new stake in shares of Capital Trust during the first quarter worth approximately $200,000. Narwhal Capital Management increased its stake in shares of Capital Trust by 71.7% in the first quarter. Narwhal Capital Management now owns 18,255 shares of the real estate investment trust’s stock worth $565,000 after buying an additional 7,625 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Capital Trust during the first quarter worth approximately $202,000. Foster & Motley Inc. increased its position in Capital Trust by 1.2% in the first quarter. Foster & Motley Inc. now owns 36,166 shares of the real estate investment trust’s stock worth $1,120,000 after buying an additional 433 shares during the period. Finally, CAPROCK Group Inc. increased its position in Capital Trust by 0.4% in the first quarter. CAPROCK Group Inc. now owns 10,670 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 41 shares during the period. 63.84% 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.