Blackstone Mortgage Trust Inc (BXMT) Treasurer Douglas N. Armer Sells 663 Shares

Blackstone Mortgage Trust Inc (NYSE:BXMT) Treasurer Douglas N. Armer sold 663 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $29.83, for a total transaction of $19,777.29. Following the completion of the transaction, the treasurer now owns 65,557 shares of the company’s stock, valued at $1,955,565.31. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Blackstone Mortgage Trust Inc (NYSE BXMT) traded up $0.25 during trading on Monday, hitting $30.09. 1,136,990 shares of the company traded hands, compared to its average volume of 955,750. The company has a market cap of $3,180.00, a price-to-earnings ratio of 13.37 and a beta of 0.59. Blackstone Mortgage Trust Inc has a 12 month low of $29.51 and a 12 month high of $33.08.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 8.24%. The ex-dividend date was Thursday, December 28th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 110.22%.

Institutional investors have recently made changes to their positions in the stock. JRM Investment Counsel LLC grew its holdings in Blackstone Mortgage Trust by 25.2% during the 4th quarter. JRM Investment Counsel LLC now owns 348,607 shares of the real estate investment trust’s stock worth $11,218,000 after acquiring an additional 70,162 shares during the last quarter. Vatera Holdings LLC bought a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $2,896,000. Quadrature Capital Ltd bought a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $1,215,000. Monashee Investment Management LLC bought a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $8,045,000. Finally, Baird Financial Group Inc. grew its holdings in Blackstone Mortgage Trust by 1.0% during the 4th quarter. Baird Financial Group Inc. now owns 200,170 shares of the real estate investment trust’s stock worth $6,441,000 after acquiring an additional 1,887 shares during the last quarter. 54.21% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on BXMT shares. B. Riley reaffirmed a “buy” rating and set a $33.00 price target on shares of Blackstone Mortgage Trust in a report on Friday, December 1st. Zacks Investment Research raised shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Thursday, January 25th. FBR & Co lifted their price target on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods lowered shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, December 7th. Finally, Wells Fargo & Co started coverage on shares of Blackstone Mortgage Trust in a report on Wednesday, December 6th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $33.60.

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Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.

Insider Buying and Selling by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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