Anthony F. Marone, Jr. Sells 1,517 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total value of $29,126.40. Following the transaction, the chief financial officer now owns 64,082 shares in the company, valued at approximately $1,230,374.40. The trade was a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Blackstone Mortgage Trust Trading Up 1.7%

NYSE BXMT traded up $0.31 on Wednesday, hitting $19.33. The company's stock had a trading volume of 1,964,516 shares, compared to its average volume of 1,658,505. The firm has a market cap of $3.32 billion, a P/E ratio of -42.03 and a beta of 1.11. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24. The company's 50-day simple moving average is $18.89 and its 200 day simple moving average is $18.98.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.72%. The ex-dividend date is Monday, June 30th. Blackstone Mortgage Trust's payout ratio is -408.70%.

Institutional Trading of Blackstone Mortgage Trust

Large investors have recently added to or reduced their stakes in the stock. True North Advisors LLC increased its position in Blackstone Mortgage Trust by 2.2% during the 1st quarter. True North Advisors LLC now owns 24,509 shares of the real estate investment trust's stock valued at $490,000 after purchasing an additional 516 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Blackstone Mortgage Trust by 45.5% during the 1st 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. CIBC Asset Management Inc boosted its stake in shares of Blackstone Mortgage Trust by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock valued at $294,000 after purchasing an additional 785 shares in the last quarter. IFP Advisors Inc increased its position in shares of Blackstone Mortgage Trust by 9.1% during the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock valued at $175,000 after buying an additional 841 shares during the period. Finally, Summit Investment Advisors Inc. raised its stake in Blackstone Mortgage Trust by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock worth $316,000 after buying an additional 967 shares in the last quarter. Institutional investors own 64.15% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a research report on Monday, April 7th. Finally, UBS Group reissued a "neutral" rating and issued a $19.50 price target (up previously from $19.00) on shares of Blackstone Mortgage Trust in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $20.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.