Blackstone Mortgage Trust, Inc. (NYSE:BXMT) EVP Douglas N. Armer sold 1,278 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $32.78, for a total value of $41,892.84. Following the completion of the sale, the executive vice president now directly owns 93,733 shares in the company, valued at approximately $3,072,567.74. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NYSE BXMT opened at $33.31 on Friday. The company has a market cap of $4.90 billion, a PE ratio of 18.01 and a beta of 1.33. The firm has a 50-day moving average of $32.01. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $20.70 and a fifty-two week high of $33.83.
Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Blackstone Mortgage Trust had a return on equity of 8.16% and a net margin of 39.67%. During the same period in the prior year, the firm posted $0.64 EPS. Research analysts anticipate that Blackstone Mortgage Trust, Inc. will post 2.22 EPS for the current year.
Institutional investors have recently bought and sold shares of the stock. Winslow Evans & Crocker Inc. grew its holdings in Blackstone Mortgage Trust by 184.3% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 995 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 645 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Blackstone Mortgage Trust during the first quarter worth about $27,000. Alpha DNA Investment Management LLC bought a new position in Blackstone Mortgage Trust during the fourth quarter worth about $33,000. HBC Financial Services PLLC grew its holdings in Blackstone Mortgage Trust by 57.1% during the first quarter. HBC Financial Services PLLC now owns 1,100 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 400 shares during the period. Finally, NN Investment Partners Holdings N.V. bought a new position in Blackstone Mortgage Trust during the first quarter worth about $37,000. Institutional investors and hedge funds own 58.68% of the company’s stock.
Several research firms have issued reports on BXMT. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $31.00 price target on shares of Blackstone Mortgage Trust in a research note on Monday, May 3rd. BTIG Research began coverage on Blackstone Mortgage Trust in a research note on Tuesday, April 13th. They issued a “buy” rating and a $35.00 price target on the stock. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 5th. TheStreet upgraded Blackstone Mortgage Trust from a “c+” rating to a “b” rating in a report on Tuesday, May 4th. Finally, Wells Fargo & Company raised their price objective on Blackstone Mortgage Trust from $30.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, April 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Blackstone Mortgage Trust presently has a consensus rating of “Hold” and an average target price of $30.57.
About Blackstone Mortgage Trust
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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