Blackstone Mortgage Trust (NYSE:BXMT) CFO Anthony Marone, Jr. Sells 1,012 Shares

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony Marone, Jr. sold 1,012 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $20.31, for a total transaction of $20,553.72. Following the completion of the sale, the chief financial officer owned 75,500 shares in the company, valued at $1,533,405. This represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT traded down $0.00 on Thursday, reaching $20.31. The company’s stock had a trading volume of 229,442 shares, compared to its average volume of 1,421,066. The company has a 50-day simple moving average of $18.87 and a 200 day simple moving average of $19.12. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24. The company has a market cap of $3.41 billion, a P/E ratio of 32.73 and a beta of 1.08.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The firm had revenue of $132.71 million for the quarter, compared to analysts’ expectations of $103.56 million. Blackstone Mortgage Trust had a net margin of 7.53% and a return on equity of 4.06%. On average, equities research analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.47 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.3%. Blackstone Mortgage Trust’s payout ratio is 303.23%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised Blackstone Mortgage Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.00 to $21.00 in a research report on Monday, November 17th. JPMorgan Chase & Co. boosted their price objective on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research note on Monday. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Blackstone Mortgage Trust has a consensus rating of “Hold” and a consensus price target of $20.33.

Hedge Funds Weigh In On Blackstone Mortgage Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Blackstone Mortgage Trust in the first quarter worth about $3,232,000. Hsbc Holdings PLC raised its holdings in shares of Blackstone Mortgage Trust by 12.2% in the 1st quarter. Hsbc Holdings PLC now owns 24,799 shares of the real estate investment trust’s stock valued at $492,000 after purchasing an additional 2,697 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Blackstone Mortgage Trust by 2.7% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 136,921 shares of the real estate investment trust’s stock worth $2,738,000 after purchasing an additional 3,650 shares during the period. Capital Fund Management S.A. bought a new position in shares of Blackstone Mortgage Trust during the first quarter valued at approximately $487,000. Finally, Partners Capital Investment Group LLP increased its holdings in Blackstone Mortgage Trust by 105.1% during the first quarter. Partners Capital Investment Group LLP now owns 82,637 shares of the real estate investment trust’s stock valued at $1,653,000 after buying an additional 42,355 shares during the period. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company Profile

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.