Blackstone Mortgage Trust Inc (NYSE:BXMT) CFO Anthony F. Marone, Jr. Sells 432 Shares

Blackstone Mortgage Trust Inc (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 432 shares of Blackstone Mortgage Trust stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.91, for a total value of $16,809.12. Following the completion of the transaction, the chief financial officer now owns 35,831 shares of the company’s stock, valued at approximately $1,394,184.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BXMT stock opened at $40.01 on Friday. The company has a market cap of $5.33 billion, a P/E ratio of 16.81, a PEG ratio of 3.31 and a beta of 0.52. Blackstone Mortgage Trust Inc has a twelve month low of $33.44 and a twelve month high of $40.22. The business has a fifty day moving average of $37.92 and a 200-day moving average of $36.44.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $109.71 million during the quarter, compared to the consensus estimate of $106.10 million. Blackstone Mortgage Trust had a return on equity of 8.70% and a net margin of 39.30%. On average, analysts predict that Blackstone Mortgage Trust Inc will post 2.41 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 6.20%. Blackstone Mortgage Trust’s payout ratio is currently 93.58%.

Several hedge funds have recently added to or reduced their stakes in the company. Ahrens Investment Partners LLC raised its position in shares of Blackstone Mortgage Trust by 3.5% during the fourth quarter. Ahrens Investment Partners LLC now owns 7,450 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 250 shares during the last quarter. Ellis Investment Partners LLC raised its position in shares of Blackstone Mortgage Trust by 0.4% during the fourth quarter. Ellis Investment Partners LLC now owns 67,497 shares of the real estate investment trust’s stock worth $2,510,000 after acquiring an additional 273 shares during the last quarter. Cetera Advisor Networks LLC raised its position in shares of Blackstone Mortgage Trust by 5.1% during the fourth quarter. Cetera Advisor Networks LLC now owns 8,084 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 393 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of Blackstone Mortgage Trust by 2.9% during the third quarter. Ausdal Financial Partners Inc. now owns 14,160 shares of the real estate investment trust’s stock worth $508,000 after purchasing an additional 400 shares during the period. Finally, Comerica Bank grew its stake in shares of Blackstone Mortgage Trust by 2.1% during the third quarter. Comerica Bank now owns 20,790 shares of the real estate investment trust’s stock worth $752,000 after purchasing an additional 437 shares during the period. Institutional investors own 58.71% of the company’s stock.

Several brokerages have issued reports on BXMT. JPMorgan Chase & Co. upgraded Blackstone Mortgage Trust from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $37.00 to $39.00 in a research report on Wednesday, January 29th. Credit Suisse Group reiterated a “hold” rating and issued a $37.50 price objective on shares of Blackstone Mortgage Trust in a research report on Thursday. Bank of America assumed coverage on Blackstone Mortgage Trust in a research report on Friday, December 6th. They set a “neutral” rating and a $36.00 target price for the company. Compass Point assumed coverage on Blackstone Mortgage Trust in a research report on Monday, December 2nd. They set a “neutral” rating and a $36.00 target price for the company. Finally, Zacks Investment Research downgraded Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $37.70.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by 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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Insider Buying and Selling by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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