Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CFO Anthony F. Marone, Jr. sold 506 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.65, for a total value of $10,448.90. Following the sale, the chief financial officer now directly owns 66,107 shares of the company's stock, valued at $1,365,109.55. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Blackstone Mortgage Trust Stock Down 1.7 %
Shares of BXMT traded down $0.36 on Friday, hitting $20.71. The company's stock had a trading volume of 3,148,151 shares, compared to its average volume of 1,737,333. The firm's fifty day moving average price is $19.43 and its 200-day moving average price is $18.86. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $21.24. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of -17.70 and a beta of 1.52.
Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) 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%. As a group, equities analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.
Blackstone Mortgage Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.08%. Blackstone Mortgage Trust's dividend payout ratio is presently -160.68%.
Hedge Funds Weigh In On Blackstone Mortgage Trust
A number of large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in Blackstone Mortgage Trust by 41.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,881 shares of the real estate investment trust's stock worth $712,000 after acquiring an additional 11,927 shares during the last quarter. Alpine Global Management LLC acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth approximately $2,176,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Blackstone Mortgage Trust by 11.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 532,395 shares of the real estate investment trust's stock worth $9,269,000 after acquiring an additional 56,621 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in Blackstone Mortgage Trust by 13.3% during the 4th quarter. Westwood Holdings Group Inc. now owns 425,000 shares of the real estate investment trust's stock worth $7,399,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth approximately $477,000. Institutional investors and hedge funds own 64.15% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on BXMT shares. JPMorgan Chase & Co. upped their price target on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Wolfe Research raised Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price target for the company in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods upped their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "market perform" rating in a research note on Thursday, February 13th. Finally, UBS Group upped their price target 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $20.67.
Check Out Our Latest Report on BXMT
About Blackstone Mortgage Trust
(
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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.
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