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.
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.
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