Keefe, Bruyette & Woods Reaffirms “Buy” Rating for Capital Trust, Inc. (NYSE:BXMT)
Capital Trust, Inc. (NYSE:BXMT)‘s stock had its “buy” rating restated by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday. They currently have a $33.00 price target on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 5.77% from the company’s current price.
A number of other research analysts also recently commented on BXMT. BidaskClub downgraded shares of Capital Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Capital Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Deutsche Bank AG lifted their price objective on shares of Capital Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Capital Trust has a consensus rating of “Hold” and an average price target of $33.00.
Capital Trust (NYSE:BXMT) opened at 31.20 on Thursday. The firm’s 50-day moving average is $31.34 and its 200-day moving average is $30.99. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 13.41 and a beta of 0.81. 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 analysts’ consensus estimates of $0.62 by $0.02. Capital Trust had a net margin of 55.05% and a return on equity of 8.76%. The firm had revenue of $72.47 million during the quarter, compared to the consensus estimate of $74.82 million. During the same period last year, the business earned $0.67 EPS. Analysts forecast that Capital Trust will post $2.48 EPS for the current fiscal year.
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Several hedge funds have recently bought and sold shares of BXMT. Advisory Services Network LLC bought a new stake in Capital Trust during the first quarter worth about $108,000. Security National Trust Co. boosted its stake in Capital Trust by 115.0% in the first quarter. Security National Trust Co. now owns 4,300 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 2,300 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in 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 in the last quarter. WFG Advisors LP boosted its stake in 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 in the last quarter. Finally, Pecaut & CO. bought a new stake in Capital Trust during the first quarter worth about $200,000. Institutional investors own 63.83% of the company’s stock.
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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