Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Free Report) Director Henry Nassau purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was bought at an average cost of $14.34 per share, for a total transaction of $143,400.00. Following the purchase, the director directly owned 218,523 shares in the company, valued at $3,133,619.82. This represents a 4.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Blackstone Mortgage Trust Trading Down 0.4%
BXMT stock traded down $0.06 during mid-day trading on Thursday, reaching $13.88. 3,360,474 shares of the stock traded hands, compared to its average volume of 1,619,784. Blackstone Mortgage Trust, Inc. has a 52-week low of $13.73 and a 52-week high of $20.67. The stock’s fifty day moving average is $17.20 and its 200-day moving average is $18.49. The company has a market cap of $2.34 billion, a P/E ratio of 154.21 and a beta of 0.91.
Blackstone Mortgage Trust (NYSE:BXMT – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.10). The firm had revenue of $158.06 million for the quarter, compared to analyst estimates of $157.32 million. Blackstone Mortgage Trust had a net margin of 1.57% and a return on equity of 7.72%. Equities research analysts expect that Blackstone Mortgage Trust, Inc. will post 1.21 earnings per share for the current year.
Blackstone Mortgage Trust Announces Dividend
Institutional Trading of Blackstone Mortgage Trust
A number of institutional investors and hedge funds have recently made changes to their positions in BXMT. Elevation Point Wealth Partners LLC lifted its position in shares of Blackstone Mortgage Trust by 2.2% during the fourth quarter. Elevation Point Wealth Partners LLC now owns 24,602 shares of the real estate investment trust’s stock worth $482,000 after purchasing an additional 525 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Blackstone Mortgage Trust by 45.5% in the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 536 shares in the last quarter. Kennicott Capital Management LLC increased its holdings in shares of Blackstone Mortgage Trust by 2.6% in the fourth quarter. Kennicott Capital Management LLC now owns 36,450 shares of the real estate investment trust’s stock valued at $697,000 after purchasing an additional 921 shares in the last quarter. California Public Employees Retirement System raised its position in Blackstone Mortgage Trust by 0.4% in the 3rd quarter. California Public Employees Retirement System now owns 249,450 shares of the real estate investment trust’s stock worth $4,592,000 after purchasing an additional 976 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in Blackstone Mortgage Trust by 19.8% in the 4th quarter. Sound Income Strategies LLC now owns 6,152 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 1,015 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have commented on BXMT. Raymond James Financial lowered Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $16.00 price target (down from $20.00) on shares of Blackstone Mortgage Trust in a research note on Friday, July 31st. Wall Street Zen downgraded Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Zacks Research lowered shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company reduced their target price on shares of Blackstone Mortgage Trust from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust presently has an average rating of “Hold” and an average price target of $19.20.
Check Out Our Latest Stock Report on Blackstone Mortgage Trust
Blackstone Mortgage Trust Company Profile
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.
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