Capital Trust (BXMT) Downgraded by Keefe, Bruyette & Woods to Market Perform

Capital Trust (NYSE:BXMT) was downgraded by research analysts at Keefe, Bruyette & Woods to a “market perform” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also commented on BXMT. Zacks Investment Research upgraded shares of Capital Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 5th. BidaskClub lowered shares of Capital Trust from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. FBR & Co raised their price objective on shares of Capital Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. B. Riley reiterated a “buy” rating and set a $33.00 price objective on shares of Capital Trust in a research note on Friday, December 1st. Finally, Wells Fargo & Company assumed coverage on shares of Capital Trust in a research note on Wednesday. They set an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.80.

Shares of Capital Trust (NYSE:BXMT) traded up $0.25 during trading hours on Thursday, hitting $32.59. 1,556,256 shares of the company’s stock traded hands, compared to its average volume of 681,464. Capital Trust has a 12 month low of $29.76 and a 12 month high of $32.96. The firm has a market capitalization of $3,440.00, a price-to-earnings ratio of 14.07 and a beta of 0.69.

Capital Trust (NYSE:BXMT) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.63 by $0.06. Capital Trust had a net margin of 53.85% and a return on equity of 8.63%. The company had revenue of $78.60 million for the quarter, compared to analyst estimates of $74.35 million. During the same quarter last year, the business earned $0.71 earnings per share. Capital Trust’s revenue was down 5.1% compared to the same quarter last year. analysts anticipate that Capital Trust will post 2.28 EPS for the current fiscal year.

In other Capital Trust news, CFO Anthony F. Marone, Jr. sold 1,070 shares of Capital Trust 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 transaction, the chief financial officer now owns 15,504 shares in the company, valued at $495,352.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Treasurer Douglas N. Armer sold 3,658 shares of Capital Trust stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $31.86, for a total transaction of $116,543.88. Following the completion of the transaction, the treasurer now owns 49,561 shares in the company, valued at approximately $1,579,013.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,516 shares of company stock worth $208,100. 0.91% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of BXMT. Janney Montgomery Scott LLC acquired a new position in Capital Trust in the 3rd quarter worth approximately $203,000. Cubist Systematic Strategies LLC acquired a new position in Capital Trust in the 3rd quarter worth approximately $284,000. SG Americas Securities LLC acquired a new position in Capital Trust in the 3rd quarter worth approximately $422,000. Janney Capital Management LLC acquired a new position in Capital Trust in the 3rd quarter worth approximately $620,000. Finally, Russell Investments Group Ltd. acquired a new position in Capital Trust in the 2nd quarter worth approximately $3,700,000. 60.37% of the stock is owned by hedge funds and other institutional investors.

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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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