Capital Trust (NYSE:BXMT) has an average broker rating of 1.2, which is interpreted as a Strong Buy, as rated by 5 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Capital Trust (NYSE:BXMT) : Currently there are 3 street experts covering Capital Trust (NYSE:BXMT) stock. The most bullish and bearish price target for the stock is $33 and $29 respectively for the short term. The average price target of all the analysts comes to $30.33. The estimated standard deviation from the target is $2.31.
For the current week, the company shares have a recommendation consensus of Buy. Also, Credit Suisse initiates coverage on Capital Trust (NYSE:BXMT) The current rating of the shares is Outperform. Equity Analysts at the Firm announces the price target to $30 per share. The rating by the firm was issued on April 18, 2016.
Capital Trust (NYSE:BXMT): stock turned positive on Tuesday. Though the stock opened at $26.55, the bulls momentum made the stock top out at $27.07 level for the day. The stock recorded a low of $26.4601 and closed the trading day at $27.04, in the green by 3.52%. The total traded volume for the day was 1,051,958. The stock had closed at $26.12 in the previous days trading.
In an insider trading activity,The officer (Managing Director) of Blackstone Mortgage Trust, Inc., Ruffing Thomas C sold 248 shares at $28.01 on May 31, 2016. The Insider selling transaction had a total value worth of $6,946. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Blackstone Mortgage Trust, Inc. is a holding company. The Company is a real estate investment trust (REIT), which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy Portfolio segment. The Companys Loan Origination segment includes the Companys activities associated with the origination and acquisition of mortgage loans, the capitalization of its loan portfolio and the costs associated with operating its business. CT Legacy Partners portfolio consists of cash, loans, securities and other assets. The Companys focus is to originate loans and invest in debt and related instruments supported by institutional commercial real estate. It directly originates, co-originates, and acquires debt instruments in conjunction with acquisitions, refinancing and recapitalizations of commercial real estate around the world.