20,000 Shares in Capital Trust, Inc. (BXMT) Acquired by Janney Capital Management LLC
Janney Capital Management LLC purchased a new stake in shares of Capital Trust, Inc. (NYSE:BXMT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the real estate investment trust’s stock, valued at approximately $620,000.
A number of other large investors have also bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in Capital Trust in the 3rd quarter worth about $284,000. SG Americas Securities LLC acquired a new position in Capital Trust in the 3rd quarter worth about $422,000. Russell Investments Group Ltd. acquired a new position in Capital Trust in the 2nd quarter worth about $3,700,000. Finally, Blackstone Group L.P. increased its position in Capital Trust by 14.4% in the 3rd quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock worth $163,276,000 after purchasing an additional 663,846 shares during the last quarter. 54.20% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on BXMT shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a research report on Friday, September 15th. Wells Fargo & Company started coverage on Capital Trust in a research report on Wednesday, December 6th. They issued an “outperform” rating on the stock. Zacks Investment Research raised Capital Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. FBR & Co upped their target price on Capital Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, BidaskClub lowered Capital Trust from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Capital Trust currently has a consensus rating of “Hold” and a consensus target price of $33.80.
In other news, CFO Anthony F. Marone, Jr. sold 1,070 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $31.95, for a total transaction of $34,186.50. Following the completion of the sale, the chief financial officer now owns 15,504 shares in the company, valued at approximately $495,352.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Douglas N. Armer sold 3,658 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $31.86, for a total value of $116,543.88. Following the sale, the treasurer now owns 49,561 shares of the company’s stock, valued at approximately $1,579,013.46. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,516 shares of company stock valued at $208,100. 0.91% of the stock is currently owned by corporate insiders.
Capital Trust, Inc. (NYSE BXMT) traded down $0.04 on Tuesday, hitting $32.50. The stock had a trading volume of 752,000 shares, compared to its average volume of 684,569. The company has a market cap of $3,437.15, a P/E ratio of 14.21 and a beta of 0.70. Capital Trust, Inc. has a 52 week low of $29.76 and a 52 week high of $32.96.
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 (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The company had revenue of $78.60 million during the quarter, compared to the consensus estimate of $74.35 million. Capital Trust had a return on equity of 8.63% and a net margin of 53.85%. The firm’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 EPS. sell-side analysts forecast that Capital Trust, Inc. will post 2.28 EPS for the current fiscal year.
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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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