World

Inside Sales: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Sells 490 Shares

blackstone mortgage trust inc logo

Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) Chief Financial Officer Anthony F. Marone, Jr. sold 490 shares of Blackstone Mortgage Trust in a transaction on Friday, December 9. The shares sold at an average price of $23.55, for a total value of $11,539.50. Following the transaction, the CFO now directly owns 54,667 shares of the company, valued at approximately $1,287,407.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed via this link.

Blackstone Mortgage Trust trading 0.1% lower

Shares of NYSE BXMT traded $0.03 lower during midday trading on Friday, reaching $23.70. 1,242,038 shares of the company’s share capital were exchanged, compared to its average volume of 1,625,257. Blackstone Mortgage Trust, Inc. has a 12-month minimum of $21.49 and a 12-month maximum of $32.90. The company has a market capitalization of $4.05 billion, a price-earnings ratio of 9.61, and a beta of 1.25. The company’s fifty-day moving average price is $24.02 and its two-hundred-day moving average price is $27.35.

Blackstone Mortgage Trust (NYSE:BXMT – Get Rated) last released its quarterly earnings data on Wednesday, October 26. The real estate investment trust reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. Blackstone Mortgage Trust had a return on equity of 9.33% and a net margin of 39.99%. During the same quarter last year, the company earned $0.57 in earnings per share. Stock analysts expect Blackstone Mortgage Trust, Inc. to post earnings per share of 2.52 for the current fiscal year.

Blackstone Mortgage Trust Announces Dividends

The company also recently announced a quarterly dividend, which was paid on Friday, October 14. Shareholders of record on Friday, September 30, were paid a dividend of $0.62. This represents an annualized dividend of $2.48 and a yield of 10.46%. The ex-dividend date for this dividend was Thursday, September 29. Blackstone Mortgage Trust’s dividend payout ratio is currently 100.40%.

Institutional trading of Blackstone Mortgage Trust

Hedge funds and other institutional investors have recently bought and sold shares in the company. McIlrath & Eck LLC purchased a new interest in Blackstone Mortgage Trust in the first quarter for approximately $35,000. HWG Holdings LP purchased a new interest in Blackstone Mortgage Trust in the third quarter for approximately $26,000. CM Bidwell & Associates Ltd. purchased a new interest in Blackstone Mortgage Trust in the third quarter for approximately $43,000. GPS Wealth Strategies Group LLC increased its stake in Blackstone Mortgage Trust by 140.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,861 shares of the real estate investment trust worth $43,000 after purchasing an additional 1,086 shares in the last quarter. Finally, New Millennium Group LLC purchased a new interest in Blackstone Mortgage Trust in the second quarter for approximately $55,000. Hedge funds and other institutional investors own 55.28% of the company’s shares.

Analyst promotions and demotions

Several research analysts have weighed in on BXMT’s stock. JPMorgan Chase & Co. lowered its price target on Blackstone Mortgage Trust from $30.00 to $27.50 and set a “neutral” rating for the company in a Monday, October 24, report. TheStreet downgraded Blackstone Mortgage Trust from a “b-” rating to a “c+” rating in a report on Tuesday. StockNews.com began coverage of the Blackstone Mortgage Trust in a report on Wednesday, October 12. They set a “hold” rating for the company. Credit Suisse Group lowered its price target on Blackstone Mortgage Trust to $27.00 in a Thursday, October 13, report. Finally, BTIG Research lowered its price target on Blackstone Mortgage Trust from $32.00 to $28.00 in a report on Wednesday, October 26.

About the Blackstone Mortgage Trust

(Get rating)

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans secured by commercial properties in North America, Europe and Australia. The company operates as a real estate investment trust for federal income tax purposes. Generally, you would not be subject to US federal income taxes if you distribute at least 90% of your taxable income to your shareholders.

See also

Insider trading by quarter for Blackstone Mortgage Trust (NYSE:BXMT)

This instant news alert was generated by MarketBeat’s financial data and storytelling science technology to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Blackstone Mortgage Trust, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-performing and top-rated research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks top analysts are quietly whispering to their clients to buy now before the broader market takes notice…and Blackstone Mortgage Trust wasn’t on the list.

While Blackstone Mortgage Trust currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here