Blackstone Mortgage Trust Inc (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 432 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.91, for a total transaction of $16,809.12. Following the transaction, the chief financial officer now directly owns 35,831 shares of the company’s stock, valued at $1,394,184.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NYSE BXMT opened at $40.03 on Friday. The stock has a market capitalization of $5.42 billion, a P/E ratio of 16.96, a P/E/G ratio of 3.40 and a beta of 0.52. Blackstone Mortgage Trust Inc has a 52-week low of $33.47 and a 52-week high of $40.22. The firm has a 50-day moving average price of $37.96 and a 200 day moving average price of $36.47.
Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. The firm had revenue of $109.71 million during the quarter, compared to analysts’ expectations of $106.10 million. Blackstone Mortgage Trust had a net margin of 39.60% and a return on equity of 8.67%. On average, equities research analysts predict that Blackstone Mortgage Trust Inc will post 2.36 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of BXMT. Bessemer Group Inc. increased its holdings in Blackstone Mortgage Trust by 1,629.1% in the fourth quarter. Bessemer Group Inc. now owns 453,030 shares of the real estate investment trust’s stock valued at $16,862,000 after buying an additional 426,830 shares in the last quarter. Blackstone Group Inc increased its holdings in Blackstone Mortgage Trust by 4.3% in the fourth quarter. Blackstone Group Inc now owns 5,740,206 shares of the real estate investment trust’s stock valued at $213,650,000 after buying an additional 234,331 shares in the last quarter. PYA Waltman Capital LLC purchased a new position in Blackstone Mortgage Trust in the fourth quarter valued at about $6,757,000. Voloridge Investment Management LLC increased its holdings in Blackstone Mortgage Trust by 124.5% in the third quarter. Voloridge Investment Management LLC now owns 248,364 shares of the real estate investment trust’s stock valued at $8,904,000 after buying an additional 137,714 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Blackstone Mortgage Trust by 62.1% in the third quarter. California Public Employees Retirement System now owns 345,116 shares of the real estate investment trust’s stock valued at $12,372,000 after buying an additional 132,190 shares in the last quarter. 58.71% of the stock is owned by institutional investors.
Several research analysts recently issued reports on BXMT shares. Zacks Investment Research cut shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised shares of Blackstone Mortgage Trust from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $37.00 to $39.00 in a report on Wednesday, January 29th. Credit Suisse Group reissued a “hold” rating and set a $37.50 price target on shares of Blackstone Mortgage Trust in a report on Thursday. Bank of America started coverage on shares of Blackstone Mortgage Trust in a report on Friday, December 6th. They set a “neutral” rating and a $36.00 price target for the company. Finally, Compass Point started coverage on shares of Blackstone Mortgage Trust in a report on Monday, December 2nd. They set a “neutral” rating and a $36.00 price target for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.70.
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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