Blackstone Mortgage Trust Inc (NYSE:BXMT) Treasurer Douglas N. Armer sold 575 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $36.38, for a total transaction of $20,918.50. Following the completion of the sale, the treasurer now owns 72,552 shares in the company, valued at $2,639,441.76. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of BXMT traded up $0.13 during midday trading on Friday, reaching $36.40. The stock had a trading volume of 169,561 shares, compared to its average volume of 631,288. Blackstone Mortgage Trust Inc has a 1-year low of $30.84 and a 1-year high of $36.50. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 2.86 and a beta of 0.54.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.11. Blackstone Mortgage Trust had a net margin of 48.22% and a return on equity of 9.73%. The business had revenue of $106.07 million for the quarter, compared to analyst estimates of $98.89 million. During the same period last year, the business earned $0.64 EPS. Equities research analysts expect that Blackstone Mortgage Trust Inc will post 2.54 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc raised its stake in Blackstone Mortgage Trust by 11.5% during the 3rd quarter. Vanguard Group Inc now owns 11,080,478 shares of the real estate investment trust’s stock worth $371,306,000 after acquiring an additional 1,142,710 shares in the last quarter. Blackstone Group L.P. raised its stake in Blackstone Mortgage Trust by 1.4% during the 1st quarter. Blackstone Group L.P. now owns 5,346,893 shares of the real estate investment trust’s stock worth $184,789,000 after acquiring an additional 75,350 shares in the last quarter. Ellis Investment Partners LLC raised its stake in Blackstone Mortgage Trust by 3,349.4% during the 1st quarter. Ellis Investment Partners LLC now owns 2,479,805 shares of the real estate investment trust’s stock worth $2,479,000 after acquiring an additional 2,407,915 shares in the last quarter. Northern Trust Corp raised its stake in Blackstone Mortgage Trust by 3.5% during the 1st quarter. Northern Trust Corp now owns 2,097,456 shares of the real estate investment trust’s stock worth $72,488,000 after acquiring an additional 70,067 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Blackstone Mortgage Trust by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 1,625,430 shares of the real estate investment trust’s stock worth $51,976,000 after acquiring an additional 103,508 shares in the last quarter. Institutional investors and hedge funds own 58.93% of the company’s stock.
A number of brokerages have recently weighed in on BXMT. Zacks Investment Research lowered shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. JMP Securities restated a “hold” rating on shares of Blackstone Mortgage Trust in a report on Sunday, February 17th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Blackstone Mortgage Trust presently has an average rating of “Hold” and an average price target of $35.63.
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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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