Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CEO Katharine A. Keenan sold 6,931 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total value of $132,590.03. Following the transaction, the chief executive officer now directly owns 236,914 shares in the company, valued at $4,532,164.82. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Blackstone Mortgage Trust Stock Performance
Shares of BXMT traded up $0.31 during mid-day trading on Thursday, reaching $19.33. The 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 price-to-earnings ratio of -42.03 and a beta of 1.11. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The business has a fifty day moving average of $18.89 and a 200 day moving average of $18.98.
Blackstone Mortgage Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.72%. The ex-dividend date of this dividend is Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -408.70%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SVB Wealth LLC bought a new stake in shares of Blackstone Mortgage Trust during the first quarter valued at approximately $29,000. Jones Financial Companies Lllp lifted its stake in Blackstone Mortgage Trust by 45.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 536 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Blackstone Mortgage Trust by 125.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 1,204 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Blackstone Mortgage Trust during the 1st quarter valued at about $49,000. Finally, GAMMA Investing LLC grew its position in shares of Blackstone Mortgage Trust by 187.8% during the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 1,944 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on BXMT. JPMorgan Chase & Co. reduced 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 research report on Wednesday, April 16th. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. UBS Group reissued a "neutral" rating and set a $19.50 price objective (up previously from $19.00) on shares of Blackstone Mortgage Trust in a research report on Wednesday, May 21st. 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 report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Blackstone Mortgage Trust presently has a consensus rating of "Hold" and an average target price of $20.50.
Check Out Our Latest Stock Analysis on BXMT
About Blackstone Mortgage Trust
(
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.
Recommended Stories
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
