Insider Selling: Blackstone Mortgage Trust Inc (NYSE:BXMT) EVP Sells 915 Shares of Stock

Blackstone Mortgage Trust Inc (NYSE:BXMT) EVP Douglas N. Armer sold 915 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $35.36, for a total transaction of $32,354.40. Following the sale, the executive vice president now owns 71,637 shares of the company’s stock, valued at $2,533,084.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Blackstone Mortgage Trust stock traded down $0.12 during mid-day trading on Monday, hitting $35.36. 384,200 shares of the company traded hands, compared to its average volume of 901,927. Blackstone Mortgage Trust Inc has a one year low of $30.84 and a one year high of $36.77. The firm has a market capitalization of $4.75 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 2.89 and a beta of 0.52. The business’s fifty day moving average price is $35.60.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $106.48 million during the quarter, compared to analyst estimates of $103.55 million. Blackstone Mortgage Trust had a net margin of 46.31% and a return on equity of 9.06%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. As a group, sell-side analysts anticipate that Blackstone Mortgage Trust Inc will post 2.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.62 dividend. The ex-dividend date was Thursday, June 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.01%. Blackstone Mortgage Trust’s payout ratio is 93.58%.

Several institutional investors and hedge funds have recently made changes to their positions in BXMT. Huntington National Bank bought a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter worth approximately $37,000. Carroll Financial Associates Inc. bought a new stake in Blackstone Mortgage Trust during the 1st quarter valued at $48,000. Winslow Evans & Crocker Inc. raised its holdings in Blackstone Mortgage Trust by 25.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 300 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Blackstone Mortgage Trust during the 1st quarter valued at $55,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Blackstone Mortgage Trust by 976.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,077 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 1,884 shares during the last quarter. Hedge funds and other institutional investors own 55.17% of the company’s stock.

Several equities research analysts have issued reports on BXMT shares. Zacks Investment Research lowered shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.63.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. 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.

See Also: Correction

Insider Buying and Selling by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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