Capital Trust (BXMT) Stock Rating Lowered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods cut shares of Capital Trust (NYSE:BXMT) from an outperform rating to a market perform rating in a research note published on Thursday morning, MarketBeat.com reports.

Several other research firms have also recently weighed in on BXMT. B. Riley restated a buy rating and set a $33.00 target price on shares of Capital Trust in a research note on Friday, December 1st. Wells Fargo & Company assumed coverage on Capital Trust in a research note on Wednesday, December 6th. They set an outperform rating for the company. FBR & Co boosted their target price on Capital Trust from $32.00 to $33.00 and gave the stock a buy rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Capital Trust from a hold rating to a buy rating and set a $36.00 target price for the company in a research note on Monday, October 30th. Finally, BidaskClub upgraded Capital Trust from a sell rating to a hold rating in a research note on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $33.80.

Capital Trust (NYSE:BXMT) opened at $32.54 on Thursday. The stock has a market capitalization of $3,437.15, a PE ratio of 14.21 and a beta of 0.70. Capital Trust has a 52 week low of $29.76 and a 52 week high of $32.96.

Capital Trust (NYSE:BXMT) last posted its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $78.60 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share. analysts expect that Capital Trust will post 2.28 earnings per share for the current year.

In other Capital Trust news, Treasurer Douglas N. Armer sold 3,658 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $31.86, for a total value of $116,543.88. Following the completion of the sale, the treasurer now owns 49,561 shares in the company, valued at $1,579,013.46. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $31.95, for a total value of $34,186.50. Following the completion of the sale, the chief financial officer now owns 15,504 shares of the company’s stock, valued at approximately $495,352.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,516 shares of company stock valued at $208,100. 0.91% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in shares of Capital Trust in the third quarter valued at approximately $203,000. Cubist Systematic Strategies LLC acquired a new position in shares of Capital Trust in the third quarter valued at approximately $284,000. SG Americas Securities LLC acquired a new position in shares of Capital Trust in the third quarter valued at approximately $422,000. Janney Capital Management LLC acquired a new position in shares of Capital Trust in the third quarter valued at approximately $620,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Capital Trust in the second quarter valued at approximately $3,700,000. 54.20% 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.

Analyst Recommendations for Capital Trust (NYSE:BXMT)

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