TIAA CREF Investment Management LLC Reduces Stake in Capital Trust, Inc. (BXMT)

TIAA CREF Investment Management LLC decreased its stake in Capital Trust, Inc. (NYSE:BXMT) by 4.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BXMT. Norges Bank purchased a new stake in shares of Capital Trust during the fourth quarter valued at about $28,886,000. M&T Bank Corp raised its stake in shares of Capital Trust by 1.6% in the first quarter. M&T Bank Corp now owns 763,164 shares of the real estate investment trust’s stock valued at $23,626,000 after buying an additional 12,313 shares during the period. Capital Advisors Inc. OK raised its stake in shares of Capital Trust by 6.4% in the first quarter. Capital Advisors Inc. OK now owns 434,354 shares of the real estate investment trust’s stock valued at $13,448,000 after buying an additional 26,243 shares during the period. Dean Investment Associates LLC raised its stake in shares of Capital Trust by 8.4% in the first quarter. Dean Investment Associates LLC now owns 246,225 shares of the real estate investment trust’s stock valued at $7,623,000 after buying an additional 19,060 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Capital Trust by 50.0% in the first quarter. Principal Financial Group Inc. now owns 213,187 shares of the real estate investment trust’s stock valued at $6,600,000 after buying an additional 71,096 shares during the period. Institutional investors and hedge funds own 65.58% of the company’s stock.

Capital Trust, Inc. (NYSE:BXMT) traded up 0.23% on Friday, hitting $31.10. The company’s stock had a trading volume of 374,993 shares. The firm has a 50 day moving average of $31.04 and a 200 day moving average of $31.00. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 13.37 and a beta of 0.81. Capital Trust, Inc. has a 12 month low of $27.89 and a 12 month high of $32.47.

Capital Trust (NYSE:BXMT) last released its quarterly earnings results 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. Capital Trust had a return on equity of 8.76% and a net margin of 55.05%. The firm 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 earnings per share. Equities research analysts forecast that Capital Trust, Inc. will post $2.48 earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on BXMT shares. Zacks Investment Research lowered Capital Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $33.00 target price on shares of Capital Trust in a research note on Thursday, August 10th. BidaskClub raised Capital Trust from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Finally, Deutsche Bank AG boosted their target price on Capital Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Capital Trust currently has a consensus rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Capital Trust (NYSE:BXMT)

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