Capital Trust, Inc. (BXMT) Reaches New 12-Month High at $32.55
Shares of Capital Trust, Inc. (NYSE:BXMT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $32.55 and last traded at $32.41, with a volume of 691500 shares traded. The stock had previously closed at $32.24.
Several equities analysts have recently weighed in on BXMT shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $33.00 price objective on shares of Capital Trust in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Capital Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, September 5th. FBR & Co increased their price objective on shares of Capital Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, BidaskClub lowered shares of Capital Trust from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $34.00.
The firm has a market cap of $3,070.00, a PE ratio of 14.08 and a beta of 0.69.
Capital Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.06. The company had revenue of $78.60 million for the quarter, compared to analyst estimates of $74.35 million. Capital Trust had a net margin of 53.85% and a return on equity of 8.63%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 earnings per share. equities research analysts anticipate that Capital Trust, Inc. will post 2.28 earnings per share for the current fiscal year.
In related news, Treasurer Douglas N. Armer sold 3,658 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $31.86, for a total transaction of $116,543.88. Following the transaction, the treasurer now directly owns 49,561 shares of the company’s stock, valued at $1,579,013.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the firm’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 transaction, the chief financial officer now directly owns 15,504 shares in the company, valued at $495,352.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,126 shares of company stock worth $226,729. 0.91% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Moody Lynn & Lieberson LLC increased its position in Capital Trust by 2.2% during the second quarter. Moody Lynn & Lieberson LLC now owns 104,697 shares of the real estate investment trust’s stock worth $3,308,000 after acquiring an additional 2,220 shares during the period. Janney Montgomery Scott LLC bought a new position in Capital Trust during the third quarter worth about $203,000. Legal & General Group Plc grew its stake in Capital Trust by 91.4% during the first 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. Cubist Systematic Strategies LLC acquired a new stake in Capital Trust during the third quarter worth about $284,000. Finally, SG Americas Securities LLC acquired a new stake in Capital Trust during the third quarter worth about $422,000. 59.94% of the stock is currently owned by institutional investors and hedge funds.
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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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