Blackstone Mortgage Trust Inc (BXMT) Treasurer Sells $31,669.56 in Stock

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.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, September 27th. This represents a $2.48 annualized dividend and a dividend yield of 7.06%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 107.36%.

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.

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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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