Blackstone Mortgage Trust Director Sells $30,701 in Stock (BXMT)
Blackstone Mortgage Trust (NASDAQ:BXMT) Director Douglas N. Armer sold 1,066 shares of the company’s stock on the open market in a transaction dated Monday, June 30th. The stock was sold at an average price of $28.80, for a total value of $30,700.80. Following the sale, the director now directly owns 17,166 shares in the company, valued at approximately $494,381. The sale was disclosed in a document filed with the SEC, which is available at this link.
Blackstone Mortgage Trust (NASDAQ:BXMT) remained flat at $29.00 during trading on Monday. The stock had a trading volume of 259,119 shares. Blackstone Mortgage Trust has a 52 week low of $23.89 and a 52 week high of $30.04. The stock has a 50-day moving average of $29.30 and a 200-day moving average of $28.49. The company has a market cap of $1.406 billion and a P/E ratio of 25.48.
Blackstone Mortgage Trust (NASDAQ:BXMT) last announced its earnings results on Tuesday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.08. On average, analysts predict that Blackstone Mortgage Trust will post $1.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 6.62%. The ex-dividend date is Thursday, June 26th.
BXMT has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Blackstone Mortgage Trust from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 3rd. They now have a $28.10 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Blackstone Mortgage Trust in a research note on Wednesday, April 30th. They now have a $31.50 price target on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Blackstone Mortgage Trust in a research note on Thursday, April 3rd. They now have a $30.00 price target on the stock, down previously from $32.00. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $28.90.
Blackstone Mortgage Trust, Inc, formerly Capital Trust, Inc is a self-managed, real estate finance and investment management company that specializes in credit sensitive financial products.
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