Corporate Capital Trust Inc (NYSE:CCT) has been given a consensus broker rating score of 2.33 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. Corporate Capital Trust’s rating score has declined by 39.5% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a one year consensus target price of $17.04 for the company and are anticipating that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Corporate Capital Trust an industry rank of 152 out of 255 based on the ratings given to related companies.
Several research firms have recently weighed in on CCT. Zacks Investment Research upgraded Corporate Capital Trust from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets cut their target price on Corporate Capital Trust from $17.00 to $16.61 and set a “market perform” rating on the stock in a research note on Tuesday, August 14th. Finally, Wells Fargo & Co cut Corporate Capital Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 4th.
In other news, COO Ryan Wilson bought 2,500 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were purchased at an average price of $16.30 per share, for a total transaction of $40,750.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick Arnold bought 7,500 shares of the business’s stock in a transaction on Thursday, August 23rd. The stock was purchased at an average price of $16.39 per share, for a total transaction of $122,925.00. The disclosure for this purchase can be found here.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG raised its stake in shares of Corporate Capital Trust by 13,834.2% during the 1st quarter. UBS Group AG now owns 2,473,881 shares of the company’s stock worth $41,808,000 after purchasing an additional 2,456,127 shares in the last quarter. LPL Financial LLC raised its stake in shares of Corporate Capital Trust by 7.5% during the 1st quarter. LPL Financial LLC now owns 1,976,485 shares of the company’s stock worth $33,403,000 after purchasing an additional 137,092 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Corporate Capital Trust by 1.1% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 882,964 shares of the company’s stock worth $14,869,000 after purchasing an additional 9,636 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Corporate Capital Trust by 3.2% during the 2nd quarter. Van ECK Associates Corp now owns 876,677 shares of the company’s stock worth $13,694,000 after purchasing an additional 27,506 shares in the last quarter. Finally, BlackRock Inc. bought a new stake in shares of Corporate Capital Trust during the 1st quarter worth approximately $12,700,000. Hedge funds and other institutional investors own 21.38% of the company’s stock.
Shares of NYSE:CCT traded down $0.04 during trading on Tuesday, hitting $14.70. 417,900 shares of the company’s stock traded hands, compared to its average volume of 471,268. Corporate Capital Trust has a 52 week low of $14.43 and a 52 week high of $19.00. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a market capitalization of $1.89 billion and a PE ratio of 9.55.
Corporate Capital Trust (NYSE:CCT) last released its quarterly earnings data on Friday, August 10th. The company reported $0.40 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.40. Corporate Capital Trust had a return on equity of 7.71% and a net margin of 40.08%. The business had revenue of $103.76 million for the quarter, compared to analysts’ expectations of $101.46 million. On average, research analysts expect that Corporate Capital Trust will post 1.6 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 9th. Shareholders of record on Friday, September 28th were paid a $0.402 dividend. This represents a $1.61 annualized dividend and a yield of 10.94%. The ex-dividend date was Thursday, September 27th. Corporate Capital Trust’s payout ratio is 104.55%.
About Corporate Capital Trust
Corporate Capital Trust Inc is headquartered in Orlando, Florida, United States and is engaged in the financial intermediation activities. The company offers Trust. The company was founded in 2010.
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