Blackstone Mortgage Trust (NYSE:BXMT) CFO Marcin Urbaszek Sells 1,352 Shares of Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Marcin Urbaszek sold 1,352 shares of Blackstone Mortgage Trust stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $18.35, for a total value of $24,809.20. Following the completion of the transaction, the chief financial officer owned 24,824 shares in the company, valued at $455,520.40. The trade was a 5.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $18.07 on Friday. The stock has a 50-day simple moving average of $18.82 and a 200-day simple moving average of $19.20. The stock has a market capitalization of $3.05 billion, a P/E ratio of 29.63 and a beta of 0.89. Blackstone Mortgage Trust, Inc. has a 1 year low of $17.67 and a 1 year high of $20.67.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 10.4%. Blackstone Mortgage Trust’s dividend payout ratio is presently 308.20%.

Institutional Trading of Blackstone Mortgage Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BXMT. Jones Financial Companies Lllp boosted its position in Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 536 shares during the period. ORG Partners LLC acquired a new stake in Blackstone Mortgage Trust in the fourth quarter worth $41,000. Ascentis Independent Advisors bought a new stake in Blackstone Mortgage Trust in the first quarter valued at $41,000. UMB Bank n.a. lifted its stake in Blackstone Mortgage Trust by 151.1% in the fourth quarter. UMB Bank n.a. now owns 2,172 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,307 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Blackstone Mortgage Trust during the third quarter valued at $46,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BXMT has been the subject of several recent research reports. Zacks Research downgraded Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. UBS Group started coverage on Blackstone Mortgage Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 target price for the company. Weiss Ratings downgraded Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. decreased their price target on Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.38.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.