Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the transaction, the chief executive officer now directly owns 246,172 shares in the company, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Blackstone Mortgage Trust Stock Performance
Shares of Blackstone Mortgage Trust stock traded down $0.36 during midday trading on Friday, hitting $20.71. The company had a trading volume of 3,148,151 shares, compared to its average volume of 1,737,333. The stock has a market capitalization of $3.55 billion, a P/E ratio of -17.70 and a beta of 1.52. The company has a 50 day moving average of $19.43 and a 200 day moving average of $18.86. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $21.24.
Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share 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 research analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.
Blackstone Mortgage Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 dividend yield of 9.08%. Blackstone Mortgage Trust's payout ratio is currently -160.68%.
Analysts Set New Price Targets
A number of brokerages have issued reports on BXMT. Keefe, Bruyette & Woods boosted 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 research report on Thursday, February 13th. UBS Group boosted their price objective on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Wolfe Research raised shares of Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $20.67.
Read Our Latest Research Report on BXMT
Hedge Funds Weigh In On Blackstone Mortgage Trust
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its position 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 valued at $38,000 after acquiring an additional 1,204 shares in the last quarter. Huntington National Bank lifted its position 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 valued at $52,000 after acquiring an additional 2,844 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Blackstone Mortgage Trust in the 4th quarter valued at approximately $56,000. McIlrath & Eck LLC bought a new position in Blackstone Mortgage Trust in the 3rd quarter valued at approximately $63,000. Finally, Sterling Capital Management LLC lifted its position in 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. 64.15% of the stock is owned by institutional investors.
About Blackstone Mortgage Trust
(
Get Free Report)
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.
Read More
Before you consider Blackstone Mortgage Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blackstone Mortgage Trust wasn't on the list.
While Blackstone Mortgage Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
