Douglas N. Armer Sells 3,658 Shares of Capital Trust, Inc. (BXMT) Stock
Capital Trust, Inc. (NYSE:BXMT) Treasurer Douglas N. Armer sold 3,658 shares of the stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $31.86, for a total value of $116,543.88. Following the completion of the transaction, the treasurer now directly owns 49,561 shares in the company, valued at approximately $1,579,013.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Capital Trust, Inc. (BXMT) traded down $0.13 during trading hours on Friday, reaching $31.81. The company had a trading volume of 386,754 shares, compared to its average volume of 601,291. The stock has a market capitalization of $3,028.82, a price-to-earnings ratio of 13.95 and a beta of 0.69. Capital Trust, Inc. has a 52-week low of $29.09 and a 52-week high of $32.47.
Capital Trust (NYSE:BXMT) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $74.35 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Capital Trust’s revenue for the quarter was down 5.1% compared to the same quarter last year. equities research analysts forecast that Capital Trust, Inc. will post 2.28 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.48 annualized dividend and a yield of 7.80%. Capital Trust’s dividend payout ratio is presently 110.22%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its stake in Capital Trust by 91.4% in the first quarter. Legal & General Group Plc now owns 16,665 shares of the real estate investment trust’s stock valued at $516,000 after acquiring an additional 7,957 shares in the last quarter. BlackRock Inc. boosted its stake in Capital Trust by 1,288,745.4% in 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 acquiring an additional 4,175,535 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Capital Trust in the second quarter valued at $3,700,000. Advisors Capital Management LLC boosted its stake in Capital Trust by 4.6% in the second quarter. Advisors Capital Management LLC now owns 883,247 shares of the real estate investment trust’s stock valued at $27,911,000 after acquiring an additional 38,500 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its stake in Capital Trust by 2.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 104,697 shares of the real estate investment trust’s stock valued at $3,308,000 after acquiring an additional 2,220 shares in the last quarter. Institutional investors own 61.25% of the company’s stock.
Several research firms recently commented 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. Zacks Investment Research raised Capital Trust from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, October 30th. Finally, FBR & Co increased their target price on Capital Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Capital Trust has a consensus rating of “Hold” and an average target price of $34.00.
Capital Trust Company 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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