Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CEO Katharine A. Keenan Sells 2,315 Shares

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CEO Katharine A. Keenan sold 2,315 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the transaction, the chief executive officer now owns 246,172 shares in the company, valued at $5,095,760.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Blackstone Mortgage Trust Trading Up 0.4 %

Shares of BXMT traded up $0.09 during mid-day trading on Tuesday, reaching $20.94. The company’s stock had a trading volume of 1,806,483 shares, compared to its average volume of 1,744,395. The company’s fifty day moving average price is $19.15 and its two-hundred day moving average price is $18.79. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $21.09. The stock has a market cap of $3.59 billion, a PE ratio of -17.89 and a beta of 1.52.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. Research analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust’s payout ratio is currently -160.68%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a report on Thursday, February 13th. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.67.

Institutional Trading of Blackstone Mortgage Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in shares of Blackstone Mortgage Trust by 125.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,204 shares during the period. Huntington National Bank grew its position in shares of Blackstone Mortgage Trust by 1,672.9% in the 4th quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 2,844 shares during the period. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth about $56,000. McIlrath & Eck LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $63,000. Finally, Sterling Capital Management LLC grew its position in shares of Blackstone Mortgage Trust by 814.9% in the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust’s stock worth $95,000 after buying an additional 4,873 shares during the period. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Company Profile

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.