TIAA CREF Investment Management LLC reduced its position in Capital Trust, Inc. (NYSE:BXMT) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,212 shares of the real estate investment trust’s stock after selling 6,524 shares during the period. TIAA CREF Investment Management LLC owned about 0.14% of Capital Trust worth $4,093,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of BXMT. Advisory Services Network LLC acquired a new position in Capital Trust during the first quarter worth approximately $108,000. Security National Trust Co. raised 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 during the last quarter. WFG Advisors LP raised 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 during the last quarter. Pecaut & CO. acquired a new position in Capital Trust during the first quarter worth approximately $200,000. Finally, Janney Montgomery Scott LLC acquired a new position in Capital Trust during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 63.83% of the company’s stock.
Capital Trust, Inc. (BXMT) opened at 31.14 on Friday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 13.39 and a beta of 0.81. Capital Trust, Inc. has a 52 week low of $27.89 and a 52 week high of $32.47. The company’s 50-day moving average price is $31.16 and its 200 day moving average price is $30.99.
Capital Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The company had revenue of $72.47 million for the quarter, compared to analyst estimates of $74.82 million. Capital Trust had a return on equity of 8.76% and a net margin of 55.05%. During the same quarter last year, the business earned $0.67 earnings per share. On average, analysts predict that Capital Trust, Inc. will post $2.48 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. The ex-dividend date was Wednesday, June 28th. This represents a $2.48 annualized dividend and a yield of 7.96%. Capital Trust’s dividend payout ratio (DPR) is presently 106.44%.
A number of equities analysts have recently commented on BXMT shares. BidaskClub lowered Capital Trust from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Deutsche Bank AG lifted their price objective on Capital Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $33.00 price objective on shares of Capital Trust in a research note on Thursday. Finally, Zacks Investment Research upgraded Capital Trust from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.00.
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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