Fernando Austin Pena Sells 2,398 Shares of Blackstone Mortgage Trust (NYSE:BXMT) Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Free Report) President Fernando Austin Pena sold 2,398 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $17.48, for a total transaction of $41,917.04. Following the transaction, the president directly owned 74,569 shares of the company’s stock, valued at $1,303,466.12. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Fernando Austin Pena also recently made the following trade(s):

  • On Tuesday, March 31st, Fernando Austin Pena sold 1,666 shares of Blackstone Mortgage Trust stock. The stock was sold at an average price of $18.88, for a total transaction of $31,454.08.

Blackstone Mortgage Trust Price Performance

NYSE:BXMT opened at $16.97 on Wednesday. The company’s fifty day moving average price is $18.47 and its 200-day moving average price is $19.08. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.88 and a 1-year high of $20.67. The firm has a market capitalization of $2.86 billion, a P/E ratio of 27.81 and a beta of 0.89.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 308.20%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BXMT. UBS Group initiated coverage on Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 price objective for the company. Keefe, Bruyette & Woods dropped their target price on Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. JPMorgan Chase & Co. reduced their price target on Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Weiss Ratings downgraded Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Finally, Zacks Research downgraded Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Read Our Latest Research Report on Blackstone Mortgage Trust

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new position in shares of Blackstone Mortgage Trust in the first quarter worth about $286,000. Bank of America Corp DE grew its position in shares of Blackstone Mortgage Trust by 21.9% during the 1st quarter. Bank of America Corp DE now owns 1,297,062 shares of the real estate investment trust’s stock valued at $24,839,000 after acquiring an additional 233,357 shares during the period. Edgestream Partners L.P. grew its position in shares of Blackstone Mortgage Trust by 75.7% during the 1st quarter. Edgestream Partners L.P. now owns 238,916 shares of the real estate investment trust’s stock valued at $4,575,000 after acquiring an additional 102,904 shares during the period. Arkadios Wealth Advisors increased its stake in shares of Blackstone Mortgage Trust by 14.1% in the 1st quarter. Arkadios Wealth Advisors now owns 14,874 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 1,833 shares in the last quarter. Finally, Amundi increased its stake in shares of Blackstone Mortgage Trust by 30.1% in the 1st quarter. Amundi now owns 33,705 shares of the real estate investment trust’s stock valued at $645,000 after purchasing an additional 7,804 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

(Get Free Report)

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.

Further Reading

Insider Buying and Selling by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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