Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CEO Katharine A. Keenan sold 2,323 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $20.70, for a total value of $48,086.10. Following the completion of the transaction, the chief executive officer now owns 248,487 shares in the company, valued at approximately $5,143,680.90. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Blackstone Mortgage Trust Trading Up 2.9 %
Shares of NYSE BXMT traded up $0.58 during trading hours on Friday, reaching $20.45. The stock had a trading volume of 1,452,574 shares, compared to its average volume of 1,738,617. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of -17.48 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 firm has a 50-day moving average of $18.83 and a 200-day moving average of $18.68.
Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.19%. Blackstone Mortgage Trust's payout ratio is -160.68%.
Analysts Set New Price Targets
BXMT has been the topic of a number of recent analyst reports. Wolfe Research upgraded Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a report on Wednesday, December 11th. UBS Group increased their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods increased their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "market perform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price objective on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a 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 data from MarketBeat.com, Blackstone Mortgage Trust currently has an average rating of "Hold" and an average price target of $20.67.
Read Our Latest Analysis on BXMT
Institutional Trading of Blackstone Mortgage Trust
A number of hedge funds have recently added to or reduced their stakes in BXMT. Norges Bank acquired a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $35,662,000. Balyasny Asset Management L.P. lifted its position in Blackstone Mortgage Trust by 39.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust's stock worth $49,315,000 after acquiring an additional 801,083 shares during the period. Blackstone Inc. lifted its position in Blackstone Mortgage Trust by 8.2% during the 4th quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust's stock worth $149,752,000 after acquiring an additional 652,537 shares during the period. Millennium Management LLC lifted its position in Blackstone Mortgage Trust by 473.3% during the 4th quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock worth $10,882,000 after acquiring an additional 516,023 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $8,118,000. 64.15% of the stock is owned by institutional investors and hedge funds.
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.
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