Blackstone Mortgage Trust Inc (NYSE:BXMT) Treasurer Douglas N. Armer sold 565 shares of Blackstone Mortgage Trust stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $31.90, for a total transaction of $18,023.50. Following the completion of the sale, the treasurer now directly owns 53,219 shares of the company’s stock, valued at approximately $1,697,686.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Blackstone Mortgage Trust Inc (BXMT) traded up $0.14 during trading hours on Friday, hitting $32.07. 516,057 shares of the stock traded hands, compared to its average volume of 616,203. Blackstone Mortgage Trust Inc has a one year low of $29.00 and a one year high of $32.47. The company has a market cap of $3,040.00, a P/E ratio of 13.94 and a beta of 0.69.
Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. Blackstone Mortgage 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 the consensus estimate of $74.35 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. research analysts forecast that Blackstone Mortgage Trust Inc will post 2.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.48 annualized dividend and a dividend yield of 7.73%. Blackstone Mortgage Trust’s payout ratio is 110.22%.
Several large investors have recently bought and sold shares of BXMT. Legal & General Group Plc boosted its position in shares of Blackstone Mortgage Trust by 91.4% during the 1st quarter. Legal & General Group Plc now owns 16,665 shares of the real estate investment trust’s stock valued at $516,000 after acquiring an additional 7,957 shares in the last quarter. BlackRock Inc. boosted its position in shares of Blackstone Mortgage Trust by 1,288,745.4% during the 1st quarter. BlackRock Inc. now owns 4,175,859 shares of the real estate investment trust’s stock valued at $129,284,000 after acquiring an additional 4,175,535 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at about $3,700,000. Advisors Capital Management LLC boosted its position in shares of Blackstone Mortgage Trust by 4.6% during the 2nd quarter. Advisors Capital Management LLC now owns 883,247 shares of the real estate investment trust’s stock valued at $27,911,000 after acquiring an additional 38,500 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of Blackstone Mortgage Trust by 2.2% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 104,697 shares of the real estate investment trust’s stock valued at $3,308,000 after acquiring an additional 2,220 shares in the last quarter. Institutional investors own 61.38% of the company’s stock.
Several brokerages recently commented on BXMT. BidaskClub downgraded shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 14th. FBR & Co lifted their target price on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $33.00 target price on shares of Blackstone Mortgage Trust in a report on Friday, September 15th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Blackstone Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $34.00.
Blackstone Mortgage 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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