Oppenheimer & Co. Inc. Sells 6,576 Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 45.7% in the second quarter, Holdings Channel.com reports. The firm owned 7,810 shares of the real estate investment trust’s stock after selling 6,576 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Blackstone Mortgage Trust were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BXMT. Winslow Evans & Crocker Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 25.3% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 300 shares during the last quarter. Wellington Shields & Co. LLC boosted its holdings in shares of Blackstone Mortgage Trust by 1.2% in the 2nd quarter. Wellington Shields & Co. LLC now owns 27,736 shares of the real estate investment trust’s stock valued at $987,000 after buying an additional 326 shares during the last quarter. Pecaut & CO. boosted its holdings in shares of Blackstone Mortgage Trust by 4.3% in the 1st quarter. Pecaut & CO. now owns 8,097 shares of the real estate investment trust’s stock valued at $999,000 after buying an additional 332 shares during the last quarter. Regentatlantic Capital LLC boosted its holdings in shares of Blackstone Mortgage Trust by 1.7% in the 2nd quarter. Regentatlantic Capital LLC now owns 21,447 shares of the real estate investment trust’s stock valued at $763,000 after buying an additional 362 shares during the last quarter. Finally, Bridgecreek Investment Management LLC boosted its holdings in shares of Blackstone Mortgage Trust by 0.5% in the 1st quarter. Bridgecreek Investment Management LLC now owns 83,950 shares of the real estate investment trust’s stock valued at $2,901,000 after buying an additional 425 shares during the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust stock traded up $0.05 during mid-day trading on Friday, hitting $36.21. 8,185 shares of the company’s stock traded hands, compared to its average volume of 728,722. The firm has a 50 day simple moving average of $35.19 and a two-hundred day simple moving average of $35.31. Blackstone Mortgage Trust Inc has a fifty-two week low of $30.84 and a fifty-two week high of $36.77. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.90 and a beta of 0.53.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Blackstone Mortgage Trust had a return on equity of 9.06% and a net margin of 46.31%. The business had revenue of $106.48 million during the quarter, compared to the consensus estimate of $103.55 million. During the same quarter last year, the firm posted $0.83 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts forecast that Blackstone Mortgage Trust Inc will post 2.46 EPS for the current year.

BXMT has been the subject of several recent analyst reports. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Monday, August 26th. ValuEngine downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.83.

In other Blackstone Mortgage Trust news, EVP Douglas N. Armer sold 915 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $35.36, for a total transaction of $32,354.40. Following the transaction, the executive vice president now owns 71,637 shares in the company, valued at approximately $2,533,084.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony F. Marone, Jr. sold 749 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $35.42, for a total value of $26,529.58. Following the transaction, the chief financial officer now owns 28,659 shares in the company, valued at approximately $1,015,101.78. The disclosure for this sale can be found here. Insiders have sold a total of 3,240 shares of company stock valued at $114,739 in the last ninety days. Insiders own 0.95% of the company’s stock.

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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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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