Blackstone Mortgage Trust Inc (NYSE:BXMT) EVP Douglas N. Armer Sells 801 Shares
Blackstone Mortgage Trust Inc (NYSE:BXMT) EVP Douglas N. Armer sold 801 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $36.81, for a total transaction of $29,484.81. Following the completion of the sale, the executive vice president now owns 86,878 shares of the company’s stock, valued at approximately $3,197,979.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE BXMT traded down $0.01 during midday trading on Friday, hitting $36.61. The company had a trading volume of 86,154 shares, compared to its average volume of 623,230. Blackstone Mortgage Trust Inc has a twelve month low of $30.84 and a twelve month high of $37.01. The business has a 50-day simple moving average of $36.22 and a two-hundred day simple moving average of $35.84. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 3.05 and a beta of 0.51.
Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. Blackstone Mortgage Trust had a net margin of 39.30% and a return on equity of 8.70%. The firm had revenue of $101.92 million during the quarter, compared to the consensus estimate of $105.80 million. During the same period last year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Research analysts forecast that Blackstone Mortgage Trust Inc will post 2.41 earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. Compass Point assumed coverage on shares of Blackstone Mortgage Trust in a research note on Monday, December 2nd. They issued a “neutral” rating and a $36.00 price objective for the company. Finally, Bank of America assumed coverage on shares of Blackstone Mortgage Trust in a research note on Friday, December 6th. They issued a “neutral” rating and a $36.00 price objective for the company. Six research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $36.63.
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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