Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Sells $10,448.90 in Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 506 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.65, for a total transaction of $10,448.90. Following the transaction, the chief financial officer now directly owns 66,107 shares of the company’s stock, valued at approximately $1,365,109.55. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $21.09 on Friday. The firm has a market cap of $3.62 billion, a PE ratio of -18.02 and a beta of 1.52. The firm has a fifty day moving average of $19.36 and a 200 day moving average of $18.84. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $21.24.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. On average, equities analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date of this dividend is Monday, March 31st. Blackstone Mortgage Trust’s payout ratio is -160.68%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BXMT shares. JPMorgan Chase & Co. lifted their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Wednesday, December 11th. UBS Group boosted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and an average target price of $20.67.

Institutional Investors Weigh In On Blackstone Mortgage Trust

A number of large investors have recently modified their holdings of BXMT. Smartleaf Asset Management LLC grew its holdings in shares of Blackstone Mortgage Trust by 125.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,204 shares in the last quarter. Huntington National Bank grew its holdings in shares of Blackstone Mortgage Trust by 1,672.9% during the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 2,844 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Blackstone Mortgage Trust during the 4th quarter valued at about $56,000. McIlrath & Eck LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $63,000. Finally, Sterling Capital Management LLC boosted its position in shares of Blackstone Mortgage Trust by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 4,873 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.