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Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) CEO Katharine A. Keenan sold 1,154 shares of the firm’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $31.13, for a total value of $35,924.02. Following the sale, the chief executive officer now directly owns 129,852 shares in the company, valued at approximately $4,042,292.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Blackstone Mortgage Trust stock traded up $0.35 during midday trading on Tuesday, reaching $31.20. The company’s stock had a trading volume of 953,432 shares, compared to its average volume of 1,450,704. The stock’s 50-day simple moving average is $31.04 and its 200-day simple moving average is $31.15. Blackstone Mortgage Trust, Inc. has a 52-week low of $28.85 and a 52-week high of $34.04. The stock has a market capitalization of $5.31 billion, a P/E ratio of 11.06 and a beta of 1.23.
Blackstone Mortgage Trust (NYSE:BXMT – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). Blackstone Mortgage Trust had a net margin of 54.55% and a return on equity of 8.75%. The business had revenue of $133.72 million during the quarter, compared to analysts’ expectations of $133.75 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities research analysts predict that Blackstone Mortgage Trust, Inc. will post 2.31 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 7.95%. The ex-dividend date was Wednesday, March 30th. Blackstone Mortgage Trust’s payout ratio is 88.89%.
A number of brokerages recently weighed in on BXMT. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. StockNews.com started coverage on Blackstone Mortgage Trust in a research note on Thursday, March 31st. They issued a “hold” rating for the company.
Several large investors have recently made changes to their positions in BXMT. Marshall Wace North America L.P. purchased a new position in shares of Blackstone Mortgage Trust in the first quarter worth about $55,000. Hsbc Holdings PLC raised its stake in shares of Blackstone Mortgage Trust by 369.1% in the third quarter. Hsbc Holdings PLC now owns 39,037 shares of the real estate investment trust’s stock worth $1,192,000 after purchasing an additional 30,715 shares during the last quarter. Profund Advisors LLC raised its position in Blackstone Mortgage Trust by 113.7% during the third quarter. Profund Advisors LLC now owns 19,750 shares of the real estate investment trust’s stock valued at $599,000 after acquiring an additional 10,507 shares in the last quarter. Franklin Resources Inc. raised its position in Blackstone Mortgage Trust by 74.2% during the third quarter. Franklin Resources Inc. now owns 11,832 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 5,040 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in Blackstone Mortgage Trust during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 55.13% of the company’s stock.
Blackstone Mortgage Trust Company Profile (Get Rating)
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. 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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