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 shares were sold at an average price of $20.70, for a total value of $10,515.60. Following the completion of the sale, the chief financial officer now directly owns 66,613 shares in the company, valued at approximately $1,378,889.10. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT traded down $0.07 during midday trading on Tuesday, hitting $20.13. The company’s stock had a trading volume of 1,821,205 shares, compared to its average volume of 1,742,646. The company has a market cap of $3.45 billion, a P/E ratio of -17.20 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $21.09. The business’s 50 day simple moving average is $18.67 and its 200 day simple moving average is $18.63.

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, topping analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. On average, sell-side analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently -160.68%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BXMT. UBS Group lifted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods increased their price objective on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.71.

Institutional Trading of Blackstone Mortgage Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BXMT. Vanguard Group Inc. boosted its position in shares of Blackstone Mortgage Trust by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 18,398,374 shares of the real estate investment trust’s stock valued at $320,316,000 after acquiring an additional 63,338 shares during the last quarter. Blackstone Inc. raised its stake in Blackstone Mortgage Trust by 8.2% during the fourth quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust’s stock worth $149,752,000 after purchasing an additional 652,537 shares during the period. Balyasny Asset Management L.P. boosted its holdings in Blackstone Mortgage Trust by 39.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust’s stock valued at $49,315,000 after purchasing an additional 801,083 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Blackstone Mortgage Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock valued at $44,134,000 after buying an additional 121,633 shares during the period. Finally, Norges Bank acquired a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $35,662,000. 64.15% of the stock is owned by institutional investors and hedge funds.

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.