Blackstone Mortgage Trust Inc (NYSE:BXMT) Treasurer Douglas N. Armer sold 909 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $34.84, for a total value of $31,669.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NYSE:BXMT traded up $0.20 during trading on Friday, reaching $35.12. The stock had a trading volume of 1,279,100 shares, compared to its average volume of 1,004,852. The firm has a market capitalization of $4.11 billion, a PE ratio of 15.20, a P/E/G ratio of 2.63 and a beta of 0.46. Blackstone Mortgage Trust Inc has a 1-year low of $29.51 and a 1-year high of $35.28.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. The firm had revenue of $105.15 million for the quarter, compared to analyst estimates of $97.06 million. Blackstone Mortgage Trust had a return on equity of 9.36% and a net margin of 50.60%. During the same period in the previous year, the company posted $0.69 earnings per share. On average, analysts forecast that Blackstone Mortgage Trust Inc will post 2.64 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend was Thursday, September 27th. Blackstone Mortgage Trust’s dividend payout ratio is presently 107.36%.
A number of analysts have recently commented on BXMT shares. Credit Suisse Group boosted their price objective on Blackstone Mortgage Trust from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, August 21st. Zacks Investment Research cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 29th. TheStreet raised Blackstone Mortgage Trust from a “c+” rating to a “b+” rating in a research note on Wednesday, October 31st. ValuEngine raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Citigroup began coverage on Blackstone Mortgage Trust in a research note on Friday, October 12th. They issued a “neutral” rating and a $33.00 price target on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.75.
Several large investors have recently modified their holdings of BXMT. Acadian Asset Management LLC boosted its stake in Blackstone Mortgage Trust by 42.8% during the third quarter. Acadian Asset Management LLC now owns 959,654 shares of the real estate investment trust’s stock worth $32,159,000 after buying an additional 287,566 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Blackstone Mortgage Trust by 204.7% during the second quarter. Renaissance Technologies LLC now owns 902,780 shares of the real estate investment trust’s stock worth $28,374,000 after buying an additional 606,500 shares during the last quarter. Delphi Financial Group Inc. boosted its stake in Blackstone Mortgage Trust by 43.5% during the second quarter. Delphi Financial Group Inc. now owns 773,226 shares of the real estate investment trust’s stock worth $24,295,000 after buying an additional 234,527 shares during the last quarter. Northern Trust Corp boosted its stake in Blackstone Mortgage Trust by 61.2% during the second quarter. Northern Trust Corp now owns 560,223 shares of the real estate investment trust’s stock worth $17,607,000 after buying an additional 212,593 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Blackstone Mortgage Trust by 3,309.5% during the third quarter. American Century Companies Inc. now owns 556,840 shares of the real estate investment trust’s stock worth $18,660,000 after buying an additional 540,508 shares during the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.
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Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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