Capital Trust, Inc. (NYSE:BXMT) Receives $34.00 Consensus Target Price from Brokerages
Capital Trust, Inc. (NYSE:BXMT) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $34.00.
Several brokerages have issued reports on BXMT. BidaskClub lowered 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 an “outperform” rating on shares of Capital Trust in a research note on Tuesday, July 4th. Zacks Investment Research raised shares of Capital Trust from a “sell” rating to a “hold” rating in a research note on Monday, April 3rd. Finally, Deutsche Bank AG lifted their price target on shares of Capital Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 28th.
Shares of Capital Trust (BXMT) traded up 0.78% during trading on Monday, hitting $31.02. The stock had a trading volume of 496,950 shares. The stock’s 50-day moving average price is $31.38 and its 200 day moving average price is $30.92. Capital Trust has a one year low of $27.64 and a one year high of $32.47. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 12.59 and a beta of 0.82.
Capital Trust (NYSE:BXMT) last announced its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.08. Capital Trust had a net margin of 65.18% and a return on equity of 9.03%. The company had revenue of $71.84 million for the quarter, compared to the consensus estimate of $76.62 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, equities analysts forecast that Capital Trust will post $2.55 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend was Wednesday, June 28th. Capital Trust’s payout ratio is currently 100.40%.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in shares of Capital Trust during the first quarter worth approximately $108,000. Security National Trust Co. boosted its stake in shares of 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 during the period. PNC Financial Services Group Inc. boosted 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 period. WFG Advisors LP boosted 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 period. Finally, Pecaut & CO. acquired a new stake in shares of Capital Trust during the first quarter worth approximately $200,000. 63.74% of the stock is currently owned by institutional investors and hedge funds.
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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