Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CFO Anthony F. Marone, Jr. sold 1,517 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of the transaction, the chief financial officer now owns 64,082 shares in the company, valued at $1,230,374.40. This trade represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Blackstone Mortgage Trust Price Performance
BXMT traded down $0.04 during trading on Friday, reaching $19.28. 3,836,124 shares of the stock were exchanged, compared to its average volume of 1,665,801. The business's 50 day moving average price is $18.96 and its two-hundred day moving average price is $18.98. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of -41.91 and a beta of 1.11. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24.
Blackstone Mortgage Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.75%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -408.70%.
Hedge Funds Weigh In On Blackstone Mortgage Trust
Several institutional investors have recently added to or reduced their stakes in BXMT. Norges Bank acquired a new position in Blackstone Mortgage Trust in the fourth quarter valued at $35,662,000. Balyasny Asset Management L.P. grew its position in Blackstone Mortgage Trust by 39.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust's stock valued at $49,315,000 after acquiring an additional 801,083 shares during the period. MetLife Investment Management LLC grew its position in Blackstone Mortgage Trust by 696.6% during the first quarter. MetLife Investment Management LLC now owns 843,692 shares of the real estate investment trust's stock valued at $16,874,000 after acquiring an additional 737,778 shares during the period. Blackstone Inc. grew its position in Blackstone Mortgage Trust by 8.2% during the fourth quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust's stock valued at $149,752,000 after acquiring an additional 652,537 shares during the period. Finally, Millennium Management LLC grew its position in Blackstone Mortgage Trust by 473.3% during the fourth quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock valued at $10,882,000 after acquiring an additional 516,023 shares during the period. 64.15% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. UBS Group reiterated a "neutral" rating and issued a $19.50 target price (up from $19.00) on shares of Blackstone Mortgage Trust in a research note on Wednesday, May 21st. JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. JPMorgan Chase & Co. decreased their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods decreased their target price on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.50.
Read Our Latest Stock Report on Blackstone Mortgage Trust
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.
Further Reading
Before you consider Blackstone Mortgage Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Blackstone Mortgage Trust wasn't on the list.
While Blackstone Mortgage Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
