Anthony F. Marone, Jr. Sells 405 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock

Anthony F. Marone, Jr. Sells 405 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock

Updated: 2 months, 1 day, 2 hours, 58 minutes, 50 seconds ago

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Rating) CFO Anthony F. Marone, Jr. sold 405 shares of the firm's stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $24.96, for a total transaction of $10,108.80. Following the completion of the transaction, the chief financial officer now owns 43,557 shares in the company, valued at approximately $1,087,182.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Blackstone Mortgage Trust Trading Up 0.5 %

NYSE:BXMT traded up $0.12 during trading hours on Tuesday, reaching $24.83. 752,014 shares of the company traded hands, compared to its average volume of 1,621,237. The business's 50-day moving average price is $24.35 and its two-hundred day moving average price is $27.62. Blackstone Mortgage Trust, Inc. has a 1 year low of $21.49 and a 1 year high of $32.90. The stock has a market capitalization of $4.24 billion, a P/E ratio of 10.05 and a beta of 1.26.

Blackstone Mortgage Trust (NYSE:BXMT - Get Rating) last issued its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.04. Blackstone Mortgage Trust had a net margin of 39.99% and a return on equity of 9.33%. During the same period in the prior year, the firm earned $0.57 EPS. As a group, equities analysts anticipate that Blackstone Mortgage Trust, Inc. will post 2.52 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend


The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 9.99%. The ex-dividend date was Thursday, September 29th. Blackstone Mortgage Trust's dividend payout ratio is currently 100.40%.

Analyst Ratings Changes

Several analysts recently issued reports on BXMT shares. BTIG Research cut their target price on Blackstone Mortgage Trust from $32.00 to $28.00 in a research note on Wednesday, October 26th. Credit Suisse Group reduced their price objective on shares of Blackstone Mortgage Trust to $27.00 in a research report on Thursday, October 13th. StockNews.com began coverage on shares of Blackstone Mortgage Trust in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Finally, JPMorgan Chase & Co. reduced their target price on Blackstone Mortgage Trust from $30.00 to $27.50 and set a "neutral" rating on the stock in a report on Monday, October 24th.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Several hedge funds and other institutional investors have recently modified their holdings of BXMT. Advisors Capital Management LLC boosted its position in shares of Blackstone Mortgage Trust by 8.6% in the third quarter. Advisors Capital Management LLC now owns 519,467 shares of the real estate investment trust's stock worth $12,909,000 after purchasing an additional 41,331 shares during the period. Captrust Financial Advisors boosted its stake in Blackstone Mortgage Trust by 98.5% during the third quarter. Captrust Financial Advisors now owns 12,854 shares of the real estate investment trust's stock valued at $300,000 after buying an additional 6,378 shares during the last quarter. Balyasny Asset Management LLC increased its position in shares of Blackstone Mortgage Trust by 116.2% during the 3rd quarter. Balyasny Asset Management LLC now owns 25,056 shares of the real estate investment trust's stock valued at $585,000 after purchasing an additional 180,056 shares during the last quarter. Baird Financial Group Inc. raised its position in Blackstone Mortgage Trust by 15.3% in the 3rd quarter. Baird Financial Group Inc. now owns 22,991 shares of the real estate investment trust's stock worth $537,000 after purchasing an additional 3,049 shares during the period. Finally, Fred Alger Management LLC boosted its position in shares of Blackstone Mortgage Trust by 15.0% during the third quarter. Fred Alger Management LLC now owns 78,633 shares of the real estate investment trust's stock valued at $1,835,000 after buying an additional 10,260 shares during the period. 55.28% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Company Profile

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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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