Capital Trust, Inc. (NYSE:BXMT) Treasurer Douglas N. Armer sold 542 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $30.70, for a total transaction of $16,639.40. Following the completion of the transaction, the treasurer now directly owns 54,398 shares of the company’s stock, valued at approximately $1,670,018.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Capital Trust, Inc. (BXMT) traded up 0.23% during midday trading on Friday, hitting $31.10. 374,993 shares of the stock were exchanged. Capital Trust, Inc. has a 1-year low of $27.89 and a 1-year high of $32.47. The firm’s 50 day moving average is $31.04 and its 200-day moving average is $31.00. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 13.37 and a beta of 0.81.
Capital Trust (NYSE:BXMT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.02. The firm had revenue of $72.47 million for the quarter, compared to the consensus estimate of $74.82 million. Capital Trust had a return on equity of 8.76% and a net margin of 55.05%. During the same period last year, the company posted $0.67 EPS. On average, analysts predict that Capital Trust, Inc. will post $2.48 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Capital Trust during the first quarter worth approximately $108,000. Security National Trust Co. boosted its position 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 position 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 position 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 position in Capital Trust during the first quarter worth approximately $200,000. 65.58% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a research note on Thursday, August 10th. BidaskClub lowered shares of Capital Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Capital Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG upped their target price 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. One investment 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 an average price target of $33.00.
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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