Blackstone Mortgage Trust (NYSE:BXMT) President Fernando Austin Pena Sells 2,398 Shares of Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) President Fernando Austin Pena sold 2,398 shares of Blackstone Mortgage Trust stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $17.48, for a total value of $41,917.04. Following the completion of the transaction, the president owned 74,569 shares in the company, valued at $1,303,466.12. The trade was a 3.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.

Fernando Austin Pena also recently made the following trade(s):

• On Tuesday, March 31st, Fernando Austin Pena sold 1,666 shares of Blackstone Mortgage Trust stock. The shares were sold at an average price of $18.88, for a total value of $31,454.08.

Blackstone Mortgage Trust Stock Up 0.1%

NYSE:BXMT opened at $17.45 on Tuesday. Blackstone Mortgage Trust, Inc. has a 1-year low of $17.09 and a 1-year high of $20.67. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 28.61 and a beta of 0.89. The stock has a fifty day simple moving average of $18.53 and a 200 day simple moving average of $19.10.

Blackstone Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.8%. Blackstone Mortgage Trust’s dividend payout ratio is currently 308.20%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Elevation Point Wealth Partners LLC increased its position in shares of Blackstone Mortgage Trust by 2.2% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 24,602 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 525 shares during the period. Jones Financial Companies Lllp lifted its position in Blackstone Mortgage Trust by 45.5% in the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 536 shares during the period. Kennicott Capital Management LLC lifted its position in Blackstone Mortgage Trust by 2.6% in the fourth quarter. Kennicott Capital Management LLC now owns 36,450 shares of the real estate investment trust’s stock worth $697,000 after purchasing an additional 921 shares during the period. California Public Employees Retirement System boosted its stake in Blackstone Mortgage Trust by 0.4% during the third quarter. California Public Employees Retirement System now owns 249,450 shares of the real estate investment trust’s stock worth $4,592,000 after buying an additional 976 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Blackstone Mortgage Trust by 19.8% during the fourth quarter. Sound Income Strategies LLC now owns 6,152 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BXMT shares. UBS Group assumed coverage on shares of Blackstone Mortgage Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 target price on the stock. Zacks Research lowered shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings cut shares of Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. Keefe, Bruyette & Woods cut their target price on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. cut their target price on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Blackstone Mortgage Trust Company Profile

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.