Blackstone Mortgage Trust Director Sells $30,701 in Stock (BXMT)
Blackstone Mortgage Trust (NASDAQ:BXMT) Director Douglas N. Armer sold 1,066 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $28.80, for a total value of $30,700.80. Following the transaction, the director now directly owns 17,166 shares of the company’s stock, valued at approximately $494,381. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.90.
Blackstone Mortgage Trust (NASDAQ:BXMT) opened at 28.87 on Wednesday. Blackstone Mortgage Trust has a 52-week low of $23.89 and a 52-week high of $30.04. The stock’s 50-day moving average is $29.30 and its 200-day moving average is $28.51. The company has a market cap of $1.400 billion and a price-to-earnings ratio of 25.48.
Blackstone Mortgage Trust (NASDAQ:BXMT) last released its earnings data on Tuesday, April 29th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.08. Analysts expect that Blackstone Mortgage Trust will post $1.94 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Thursday, June 26th.
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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