Anthony Marone Jr Sells 1,012 Shares of Blackstone Mortgage Trust (NYSE:BXMT) Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony Marone, Jr. sold 1,012 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $20.31, for a total value of $20,553.72. Following the completion of the sale, the chief financial officer directly owned 75,500 shares of the company’s stock, valued at approximately $1,533,405. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blackstone Mortgage Trust Stock Up 0.7%

BXMT traded up $0.15 during trading on Wednesday, hitting $20.32. 1,991,400 shares of the stock were exchanged, compared to its average volume of 1,214,420. The firm has a market capitalization of $3.41 billion, a P/E ratio of 23.45 and a beta of 1.08. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24. The stock has a fifty day moving average price of $18.87 and a two-hundred day moving average price of $19.12.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $132.71 million during the quarter, compared to the consensus estimate of $103.56 million. Blackstone Mortgage Trust had a return on equity of 4.06% and a net margin of 7.53%. Analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 303.23%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in Blackstone Mortgage Trust in the third quarter valued at about $25,000. SVB Wealth LLC acquired a new position in Blackstone Mortgage Trust during the 1st quarter worth approximately $29,000. Jones Financial Companies Lllp raised its stake in shares of Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 536 shares in the last quarter. North Capital Inc. acquired a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at approximately $37,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at approximately $46,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BXMT shares. Keefe, Bruyette & Woods raised shares of Blackstone Mortgage Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $20.00 to $21.00 in a report on Monday, November 17th. JPMorgan Chase & Co. upped their price objective on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.33.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.