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.

A number of large investors have recently bought and sold shares of the business. Wellington Shields & Co. LLC grew its holdings in shares of Blackstone Mortgage Trust by 1.2% during the second quarter. Wellington Shields & Co. LLC now owns 27,736 shares of the real estate investment trust’s stock worth $987,000 after buying an additional 326 shares in the last quarter. HighTower Advisors LLC grew its holdings in Blackstone Mortgage Trust by 1.3% in the second quarter. HighTower Advisors LLC now owns 29,835 shares of the real estate investment trust’s stock valued at $1,063,000 after purchasing an additional 392 shares during the period. Ausdal Financial Partners Inc. grew its holdings in Blackstone Mortgage Trust by 2.9% in the third quarter. Ausdal Financial Partners Inc. now owns 14,160 shares of the real estate investment trust’s stock valued at $508,000 after purchasing an additional 400 shares during the period. Comerica Bank grew its holdings in Blackstone Mortgage Trust by 2.1% in the third quarter. Comerica Bank now owns 20,790 shares of the real estate investment trust’s stock valued at $752,000 after purchasing an additional 437 shares during the period. Finally, Cetera Advisor Networks LLC grew its holdings in Blackstone Mortgage Trust by 6.6% in the second quarter. Cetera Advisor Networks LLC now owns 7,696 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 479 shares during the period. Hedge funds and other institutional investors own 58.73% of the company’s stock.

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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