Capital Trust (BXMT) : 5 analysts are covering Capital Trust (BXMT) and their average rating on the stock is 1.4, which is read as a Strong Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Capital Trust (BXMT) : The consensus price target for Capital Trust (BXMT) is $31.5 for the short term with a standard deviation of $1.29. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $30.
Also, Keefe Bruyette & Woods maintains their rating on the shares of Capital Trust (NYSE:BXMT). The current rating of the shares is Market Perform. Equity Analysts at the Firm raises the price target to $31 per share from $29 per share. The rating by the firm was issued on July 28, 2016.
Capital Trust (NYSE:BXMT): After opening at $28.73, the stock dipped to an intraday low of $28.62 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.175 and the buying power remained strong till the end. The stock closed at $29.13 for the day, a gain of 1.78% for the day session. The total traded volume was 582,302. The stocks close on the previous trading day was $28.62.
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.