Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Sells $10,515.60 in Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 508 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total transaction of $10,515.60. Following the sale, the chief financial officer now owns 66,613 shares of the company’s stock, valued at $1,378,889.10. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blackstone Mortgage Trust Trading Down 0.8 %

Shares of NYSE BXMT opened at $19.87 on Friday. The stock has a fifty day simple moving average of $18.78 and a 200-day simple moving average of $18.67. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $21.09. The stock has a market capitalization of $3.41 billion, a PE ratio of -16.98 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. On average, equities analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is currently -160.68%.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its stake in shares of Blackstone Mortgage Trust by 4.1% in the third quarter. Nisa Investment Advisors LLC now owns 69,618 shares of the real estate investment trust’s stock valued at $1,359,000 after acquiring an additional 2,766 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter worth about $39,000. Van ECK Associates Corp raised its position in Blackstone Mortgage Trust by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after purchasing an additional 38,436 shares in the last quarter. QRG Capital Management Inc. raised its position in Blackstone Mortgage Trust by 11.1% in the 3rd quarter. QRG Capital Management Inc. now owns 234,337 shares of the real estate investment trust’s stock valued at $4,455,000 after purchasing an additional 23,495 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Blackstone Mortgage Trust in the 3rd quarter valued at about $253,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BXMT. JPMorgan Chase & Co. increased their price objective on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Wednesday, December 11th. UBS Group raised their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.67.

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.