Blackstone Mortgage Trust Inc (NYSE:BXMT) Treasurer Douglas N. Armer sold 663 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $29.83, for a total transaction of $19,777.29. Following the completion of the sale, the treasurer now owns 65,557 shares of the company’s stock, valued at approximately $1,955,565.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Blackstone Mortgage Trust Inc (NYSE BXMT) opened at $30.15 on Wednesday. The company has a market cap of $3,178.36, a PE ratio of 13.14 and a beta of 0.59. Blackstone Mortgage Trust Inc has a twelve month low of $29.51 and a twelve month high of $33.08.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.23%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 110.22%.

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods cut shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Wells Fargo & Co assumed coverage on shares of Blackstone Mortgage Trust in a research report on Wednesday, December 6th. They set an “outperform” rating for the company. Zacks Investment Research cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. FBR & Co lifted their target price on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, B. Riley restated a “buy” rating and set a $33.00 target price on shares of Blackstone Mortgage Trust in a research report on Friday, December 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $33.60.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of Blackstone Mortgage Trust by 97.4% during the fourth quarter. Renaissance Technologies LLC now owns 562,680 shares of the real estate investment trust’s stock worth $18,107,000 after buying an additional 277,701 shares in the last quarter. Partners Capital Investment Group LLP purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth about $348,000. Moors & Cabot Inc. grew its holdings in shares of Blackstone Mortgage Trust by 24.7% during the fourth quarter. Moors & Cabot Inc. now owns 13,584 shares of the real estate investment trust’s stock worth $439,000 after buying an additional 2,688 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth about $515,000. Finally, Stansberry Asset Management LLC purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth about $3,184,000. Institutional investors and hedge funds own 54.21% of the company’s stock.

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Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.

Insider Buying and Selling by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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