Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony F. Marone, Jr. Sells 506 Shares

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 506 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.65, for a total value of $10,448.90. Following the completion of the transaction, the chief financial officer now owns 66,107 shares of the company’s stock, valued at $1,365,109.55. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $20.94 on Wednesday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of -17.89 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $21.09. The stock has a fifty day moving average of $19.22 and a 200-day moving average of $18.81.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping 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%. Equities analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 8.98%. Blackstone Mortgage Trust’s dividend payout ratio is currently -160.68%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in Blackstone Mortgage Trust by 125.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,204 shares during the period. Huntington National Bank boosted its stake in Blackstone Mortgage Trust by 1,672.9% in the 4th quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 2,844 shares during the period. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Blackstone Mortgage Trust in the 4th quarter valued at about $56,000. McIlrath & Eck LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at about $63,000. Finally, Sterling Capital Management LLC raised its holdings in shares of Blackstone Mortgage Trust by 814.9% in the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 4,873 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Wednesday, December 11th. UBS Group upped their price objective on 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 target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price target on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Blackstone Mortgage Trust has an average 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.