Blackstone Mortgage Trust Inc (NYSE:BXMT) Treasurer Douglas N. Armer sold 909 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $34.84, for a total value of $31,669.56. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of NYSE:BXMT traded up $0.20 during trading hours on Friday, hitting $35.12. 1,279,193 shares of the company’s stock traded hands, compared to its average volume of 1,429,453. Blackstone Mortgage Trust Inc has a 1 year low of $29.51 and a 1 year high of $35.28. The firm has a market capitalization of $4.13 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Blackstone Mortgage Trust had a return on equity of 9.36% and a net margin of 50.60%. The business had revenue of $105.15 million during the quarter, compared to analyst estimates of $97.06 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. Analysts expect that Blackstone Mortgage Trust Inc will post 2.64 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in BXMT. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Blackstone Mortgage Trust during the second quarter valued at approximately $101,000. Cubist Systematic Strategies LLC purchased a new position in shares of Blackstone Mortgage Trust during the first quarter valued at approximately $141,000. Qube Research & Technologies Ltd purchased a new position in shares of Blackstone Mortgage Trust during the second quarter valued at approximately $143,000. Catalyst Capital Advisors LLC purchased a new position in shares of Blackstone Mortgage Trust during the second quarter valued at approximately $157,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Blackstone Mortgage Trust by 1,328.1% during the second quarter. BNP Paribas Arbitrage SA now owns 6,055 shares of the real estate investment trust’s stock valued at $190,000 after buying an additional 5,631 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.
BXMT has been the topic of several analyst reports. Credit Suisse Group boosted their price objective on Blackstone Mortgage Trust from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 21st. TheStreet raised Blackstone Mortgage Trust from a “c+” rating to a “b+” rating in a research note on Wednesday, October 31st. Zacks Investment Research cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. ValuEngine raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Citigroup initiated coverage on Blackstone Mortgage Trust in a research note on Friday, October 12th. They set a “neutral” rating and a $33.00 price objective on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Blackstone Mortgage Trust has an average rating of “Hold” and a consensus price target of $34.75.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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