Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 9.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,451 shares of the real estate investment trust’s stock after selling 708 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Blackstone Mortgage Trust were worth $223,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in BXMT. Riverview Trust Co bought a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth $32,000. Advisory Services Network LLC grew its stake in shares of Blackstone Mortgage Trust by 72.0% in the 4th quarter. Advisory Services Network LLC now owns 1,175 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 492 shares in the last quarter. Carroll Financial Associates Inc. bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter worth $48,000. Winslow Evans & Crocker Inc. grew its stake in shares of Blackstone Mortgage Trust by 30.8% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 350 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 153.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,650 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 60.75% of the company’s stock.
In other news, CFO Anthony F. Marone, Jr. sold 793 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $35.45, for a total transaction of $28,111.85. Following the sale, the chief financial officer now directly owns 29,824 shares in the company, valued at $1,057,260.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Treasurer Douglas N. Armer sold 1,913 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $35.46, for a total value of $67,834.98. Following the sale, the treasurer now owns 74,383 shares in the company, valued at $2,637,621.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,808 shares of company stock worth $134,065. Insiders own 0.96% of the company’s stock.
Several analysts have recently issued reports on BXMT shares. Deutsche Bank lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $35.00 to $34.50 in a research note on Wednesday, February 13th. Zacks Investment Research raised shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. JMP Securities reissued a “hold” rating on shares of Blackstone Mortgage Trust in a report on Sunday, February 17th. Finally, ValuEngine downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $35.63.
Shares of NYSE:BXMT opened at $35.94 on Friday. The stock has a market capitalization of $4.49 billion, a P/E ratio of 13.56, a P/E/G ratio of 2.82 and a beta of 0.57. Blackstone Mortgage Trust Inc has a fifty-two week low of $30.84 and a fifty-two week high of $36.07.
Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The business had revenue of $106.07 million for the quarter, compared to the consensus estimate of $98.89 million. Blackstone Mortgage Trust had a net margin of 48.22% and a return on equity of 9.73%. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, analysts predict that Blackstone Mortgage Trust Inc will post 2.54 earnings per share for the current fiscal year.
Blackstone Mortgage Trust Company Profile
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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