Capital Trust, Inc. (BXMT) Rating Increased to Hold at Zacks Investment Research
Capital Trust, Inc. (NYSE:BXMT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Blackstone Mortgage Trust, Inc. is a real estate investment trust. It operates as a real estate finance and investment management company. The company’s investment programs focuses on loans and securities backed by commercial real estate assets. Blackstone Mortgage Trust, Inc. formerly known as Capital Trust, Inc.is headquartered in New York. “
Other analysts also recently issued reports about the stock. BidaskClub downgraded shares of Capital Trust from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $33.00.
Capital Trust (BXMT) traded down 0.29% during trading on Thursday, reaching $31.00. 435,131 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 13.33 and a beta of 0.80. The company’s 50 day moving average price is $31.03 and its 200-day moving average price is $31.03. Capital Trust has a 52 week low of $27.89 and a 52 week high of $32.47.
Capital Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.02). Capital Trust had a net margin of 55.05% and a return on equity of 8.76%. The company had revenue of $72.47 million for the quarter, compared to analysts’ expectations of $74.82 million. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, equities analysts expect that Capital Trust will post $2.48 EPS for the current year.
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Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Capital Trust by 11.3% in the first 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 during the last quarter. WFG Advisors LP lifted its stake in shares of Capital Trust by 785.7% in the first quarter. WFG Advisors LP now owns 6,200 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 5,500 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Capital Trust in the first quarter worth $202,000. Green Square Capital LLC lifted its stake in shares of Capital Trust by 6.7% in the first quarter. Green Square Capital LLC now owns 7,450 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 465 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new stake in shares of Capital Trust in the first quarter worth $345,000. Institutional investors and hedge funds 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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