Insider Selling: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Sells $26,150.46 in Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 798 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $32.77, for a total transaction of $26,150.46. Following the transaction, the chief financial officer now directly owns 38,695 shares of the company’s stock, valued at $1,268,035.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anthony F. Marone, Jr. also recently made the following trade(s):

  • On Monday, May 10th, Anthony F. Marone, Jr. sold 390 shares of Blackstone Mortgage Trust stock. The shares were sold at an average price of $31.88, for a total transaction of $12,433.20.

BXMT opened at $33.31 on Friday. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 18.01 and a beta of 1.33. Blackstone Mortgage Trust, Inc. has a 1-year low of $20.70 and a 1-year high of $33.83. The stock has a 50 day moving average price of $32.01.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). Blackstone Mortgage Trust had a return on equity of 8.16% and a net margin of 39.67%. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, analysts forecast that Blackstone Mortgage Trust, Inc. will post 2.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were given a $0.62 dividend. The ex-dividend date was Tuesday, March 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.45%. Blackstone Mortgage Trust’s payout ratio is currently 110.71%.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Blackstone Mortgage Trust by 79.3% in the first quarter. Principal Financial Group Inc. now owns 117,100 shares of the real estate investment trust’s stock worth $3,630,000 after purchasing an additional 51,795 shares during the period. Childress Capital Advisors LLC boosted its position in shares of Blackstone Mortgage Trust by 4.7% during the first quarter. Childress Capital Advisors LLC now owns 26,890 shares of the real estate investment trust’s stock worth $833,000 after acquiring an additional 1,198 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Blackstone Mortgage Trust during the first quarter worth $355,000. Squarepoint Ops LLC boosted its position in shares of Blackstone Mortgage Trust by 1.5% during the first quarter. Squarepoint Ops LLC now owns 38,131 shares of the real estate investment trust’s stock worth $1,182,000 after acquiring an additional 576 shares during the last quarter. Finally, Millennium Management LLC boosted its position in shares of Blackstone Mortgage Trust by 130.6% during the first quarter. Millennium Management LLC now owns 652,367 shares of the real estate investment trust’s stock worth $20,223,000 after acquiring an additional 369,422 shares during the last quarter. Institutional investors and hedge funds own 58.68% of the company’s stock.

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Blackstone Mortgage Trust from $24.00 to $28.00 in a report on Thursday, February 11th. JPMorgan Chase & Co. restated a “neutral” rating and set a $31.00 target price on shares of Blackstone Mortgage Trust in a research report on Monday, May 3rd. Credit Suisse Group boosted their target price on shares of Blackstone Mortgage Trust from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, March 17th. Zacks Investment Research lowered shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 5th. Finally, BTIG Research began coverage on shares of Blackstone Mortgage Trust in a research report on Tuesday, April 13th. They set a “buy” rating and a $35.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.57.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial 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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Insider Buying and Selling by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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