Insider Selling: Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Sells $17,595.12 in Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Free Report) CFO Anthony F. Marone, Jr. sold 1,002 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $17.56, for a total value of $17,595.12. Following the completion of the transaction, the chief financial officer now owns 58,118 shares of the company’s stock, valued at $1,020,552.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Blackstone Mortgage Trust Stock Up 0.1 %

BXMT stock opened at $17.95 on Friday. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 598.33 and a beta of 1.47. The business has a fifty day simple moving average of $17.83 and a 200-day simple moving average of $19.58. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.70 and a 52 week high of $23.82.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.62 per share. The ex-dividend date is Friday, June 28th. This represents a $2.48 dividend on an annualized basis and a yield of 13.82%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 8,266.67%.

Analyst Ratings Changes

BXMT has been the subject of several analyst reports. Wells Fargo & Company cut their price target on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $18.00 price target on shares of Blackstone Mortgage Trust in a report on Tuesday. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $22.00 to $21.00 in a report on Monday, March 4th. BTIG Research dropped their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. dropped their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.93.

Read Our Latest Report on BXMT

Institutional Trading of Blackstone Mortgage Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC boosted its position in Blackstone Mortgage Trust by 29.5% during the 1st quarter. Cetera Advisors LLC now owns 12,381 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 2,824 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Blackstone Mortgage Trust by 7.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,044 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 6,276 shares during the period. Truvestments Capital LLC boosted its position in Blackstone Mortgage Trust by 20.1% during the 1st quarter. Truvestments Capital LLC now owns 133,059 shares of the real estate investment trust’s stock worth $2,649,000 after purchasing an additional 22,299 shares during the period. Quadrature Capital Ltd boosted its position in Blackstone Mortgage Trust by 229.8% during the 1st quarter. Quadrature Capital Ltd now owns 49,743 shares of the real estate investment trust’s stock worth $990,000 after purchasing an additional 34,659 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in Blackstone Mortgage Trust by 10.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,880 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 2,000 shares during the period. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Company Profile

(Get Free Report)

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.

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

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