Blackstone Mortgage Trust Inc (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 749 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $35.42, for a total transaction of $26,529.58. Following the sale, the chief financial officer now owns 28,659 shares of the company’s stock, valued at $1,015,101.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Blackstone Mortgage Trust stock traded down $0.12 on Monday, hitting $35.36. 384,200 shares of the company traded hands, compared to its average volume of 901,927. The firm has a market cap of $4.75 billion, a PE ratio of 13.34, a P/E/G ratio of 2.89 and a beta of 0.52. Blackstone Mortgage Trust Inc has a 52 week low of $30.84 and a 52 week high of $36.77. The company’s 50-day moving average price is $35.60.
Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The firm had revenue of $106.48 million for the quarter, compared to analysts’ expectations of $103.55 million. Blackstone Mortgage Trust had a net margin of 46.31% and a return on equity of 9.06%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. Research analysts anticipate that Blackstone Mortgage Trust Inc will post 2.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 7.01%. The ex-dividend date of this dividend was Thursday, June 27th. Blackstone Mortgage Trust’s dividend payout ratio is presently 93.58%.
A number of institutional investors and hedge funds have recently made changes to their positions in BXMT. Ellis Investment Partners LLC raised its stake in Blackstone Mortgage Trust by 3,349.4% in the 1st quarter. Ellis Investment Partners LLC now owns 2,479,805 shares of the real estate investment trust’s stock valued at $2,479,000 after purchasing an additional 2,407,915 shares during the last quarter. Norges Bank acquired a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth $41,730,000. Capital Advisors Inc. OK increased its stake in shares of Blackstone Mortgage Trust by 323.3% in the 2nd quarter. Capital Advisors Inc. OK now owns 280,840 shares of the real estate investment trust’s stock worth $9,992,000 after acquiring an additional 214,489 shares during the last quarter. Northeast Financial Consultants Inc increased its stake in shares of Blackstone Mortgage Trust by 29.0% in the 2nd quarter. Northeast Financial Consultants Inc now owns 673,826 shares of the real estate investment trust’s stock worth $23,975,000 after acquiring an additional 151,452 shares during the last quarter. Finally, Orinda Asset Management LLC increased its stake in shares of Blackstone Mortgage Trust by 300.0% in the 2nd quarter. Orinda Asset Management LLC now owns 200,000 shares of the real estate investment trust’s stock worth $7,116,000 after acquiring an additional 150,000 shares during the last quarter. Institutional investors own 55.17% of the company’s stock.
A number of research firms recently commented on BXMT. Zacks Investment Research lowered shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $35.63.
About Blackstone Mortgage Trust
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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