Level Four Advisory Services LLC increased its position in Capital Trust, Inc. (NYSE:BXMT) by 0.1% during the first quarter, Holdings Channel reports. The firm owned 11,800 shares of the real estate investment trust’s stock after buying an additional 13 shares during the period. Level Four Advisory Services LLC’s holdings in Capital Trust were worth $364,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Capital Trust by 5.7% in the first quarter. Vanguard Group Inc. now owns 7,265,081 shares of the real estate investment trust’s stock valued at $224,927,000 after buying an additional 392,562 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Capital Trust by 1,288,745.4% in the first quarter. BlackRock Inc. now owns 4,175,859 shares of the real estate investment trust’s stock valued at $129,284,000 after buying an additional 4,175,535 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Capital Trust by 5.8% in the first quarter. Bank of America Corp DE now owns 1,141,887 shares of the real estate investment trust’s stock valued at $35,353,000 after buying an additional 62,928 shares during the last quarter. Norges Bank acquired a new stake in shares of Capital Trust during the fourth quarter valued at approximately $28,886,000. Finally, M&T Bank Corp boosted 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 last quarter. Institutional investors own 63.73% of the company’s stock.
Capital Trust, Inc. (NYSE:BXMT) traded up 0.31% during trading on Friday, hitting $32.10. 944,261 shares of the company traded hands. Capital Trust, Inc. has a 52-week low of $26.46 and a 52-week high of $32.10. The company’s 50-day moving average is $30.91 and its 200 day moving average is $30.80. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 13.03 and a beta of 0.72.
Capital Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.08. Capital Trust had a return on equity of 9.03% and a net margin of 65.18%. The company had revenue of $71.84 million for the quarter, compared to analyst estimates of $76.62 million. During the same period in the prior year, the business earned $0.65 earnings per share. Capital Trust’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Capital Trust, Inc. will post $2.55 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Wednesday, June 28th. Capital Trust’s dividend payout ratio is presently 100.40%.
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Several brokerages have commented on BXMT. TheStreet cut shares of Capital Trust from a “b-” rating to a “c+” rating in a research note on Monday, March 13th. Zacks Investment Research upgraded shares of Capital Trust from a “sell” rating to a “hold” rating in a research note on Monday, March 27th. JMP Securities cut shares of Capital Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 16th. They noted that the move was a valuation call. Deutsche Bank AG lifted their price objective on shares of Capital Trust from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating on shares of Capital Trust in a research note on Thursday, April 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $32.50.
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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