Prudential Financial Inc. Lowers Position in Capital Trust, Inc. (NYSE:BXMT)
Prudential Financial Inc. decreased its stake in shares of Capital Trust, Inc. (NYSE:BXMT) by 52.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,100 shares of the real estate investment trust’s stock after selling 11,300 shares during the period. Prudential Financial Inc.’s holdings in Capital Trust were worth $313,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Pecaut & CO. purchased a new position in shares of Capital Trust during the first quarter valued at approximately $200,000. Narwhal Capital Management boosted its position in shares of Capital Trust by 71.7% in the first quarter. Narwhal Capital Management now owns 18,255 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 7,625 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Capital Trust during the first quarter valued at approximately $202,000. Foster & Motley Inc. boosted its position in shares of Capital Trust by 1.2% in the first quarter. Foster & Motley Inc. now owns 36,166 shares of the real estate investment trust’s stock valued at $1,120,000 after buying an additional 433 shares during the last quarter. Finally, CAPROCK Group Inc. boosted its position in shares of Capital Trust by 0.4% in the first quarter. CAPROCK Group Inc. now owns 10,670 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 41 shares during the last quarter. Institutional investors own 63.83% of the company’s stock.
Shares of Capital Trust, Inc. (BXMT) traded up 0.20% during midday trading on Monday, hitting $30.70. 483,023 shares of the stock traded hands. The company has a market capitalization of $2.91 billion, a PE ratio of 13.20 and a beta of 0.81. The firm’s 50 day moving average price is $31.44 and its 200 day moving average price is $31.00. Capital Trust, Inc. has a 12-month low of $27.89 and a 12-month high of $32.47.
Capital Trust (NYSE:BXMT) last posted its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.02. Capital Trust had a return on equity of 8.76% and a net margin of 55.05%. The business had revenue of $72.47 million during the quarter, compared to analysts’ expectations of $74.82 million. During the same period in the prior year, the firm posted $0.67 EPS. Analysts expect that Capital Trust, Inc. will post $2.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $2.48 annualized dividend and a yield of 8.08%. Capital Trust’s dividend payout ratio is currently 106.44%.
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Several brokerages recently weighed in on BXMT. Zacks Investment Research raised shares of Capital Trust from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. Deutsche Bank AG raised 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. BidaskClub raised shares of Capital Trust from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Capital Trust in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $32.67.
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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