Blackstone Mortgage Trust Inc (NYSE:BXMT) Treasurer Douglas N. Armer sold 909 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $34.84, for a total transaction of $31,669.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE:BXMT opened at $35.12 on Friday. The company has a market capitalization of $4.13 billion, a P/E ratio of 13.38, a PEG ratio of 2.65 and a beta of 0.46. Blackstone Mortgage Trust Inc has a 1 year low of $29.51 and a 1 year high of $35.28.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $105.15 million for the quarter, compared to analysts’ expectations of $97.06 million. Blackstone Mortgage Trust had a net margin of 50.60% and a return on equity of 9.36%. During the same period last year, the firm posted $0.69 earnings per share. On average, equities analysts anticipate that Blackstone Mortgage Trust Inc will post 2.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a $0.62 dividend. The ex-dividend date was Thursday, September 27th. This represents a $2.48 dividend on an annualized basis and a yield of 7.06%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 107.36%.
BXMT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Tuesday, August 14th. ValuEngine upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Citigroup initiated coverage on shares of Blackstone Mortgage Trust in a research note on Friday, October 12th. They issued a “neutral” rating and a $33.00 price objective on the stock. TheStreet raised shares of Blackstone Mortgage Trust from a “c+” rating to a “b+” rating in a research note on Wednesday, October 31st. Finally, Credit Suisse Group lifted their price objective on shares of Blackstone Mortgage Trust from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, August 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $34.75.
Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Blackstone Mortgage Trust by 53.8% during the first quarter. The Manufacturers Life Insurance Company now owns 7,231 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 2,528 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Blackstone Mortgage Trust during the first quarter worth $141,000. Principal Financial Group Inc. grew its stake in shares of Blackstone Mortgage Trust by 33.0% during the first quarter. Principal Financial Group Inc. now owns 524,280 shares of the real estate investment trust’s stock worth $16,473,000 after buying an additional 129,991 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Blackstone Mortgage Trust by 5.3% during the first quarter. Allianz Asset Management GmbH now owns 102,928 shares of the real estate investment trust’s stock worth $3,234,000 after buying an additional 5,209 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Blackstone Mortgage Trust during the second quarter worth $259,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.
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Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. 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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