Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CEO Katharine A. Keenan sold 6,931 shares of Blackstone Mortgage Trust stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total value of $132,590.03. Following the sale, the chief executive officer now owns 236,914 shares of the company's stock, valued at approximately $4,532,164.82. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Blackstone Mortgage Trust Stock Down 0.2%
Shares of BXMT stock traded down $0.04 on Friday, hitting $19.28. The stock had a trading volume of 3,836,124 shares, compared to its average volume of 1,665,801. The business has a 50 day moving average price of $18.96 and a 200 day moving average price of $18.98. The company has a market cap of $3.31 billion, a PE ratio of -41.91 and a beta of 1.11. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24.
Blackstone Mortgage Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 9.75%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -408.70%.
Hedge Funds Weigh In On Blackstone Mortgage Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Blackstone Mortgage Trust by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 18,398,374 shares of the real estate investment trust's stock valued at $320,316,000 after purchasing an additional 63,338 shares during the last quarter. Blackstone Inc. grew its stake in shares of 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 worth $149,752,000 after acquiring an additional 652,537 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of 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 worth $49,315,000 after acquiring an additional 801,083 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Blackstone Mortgage Trust by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,598,933 shares of the real estate investment trust's stock worth $51,979,000 after acquiring an additional 63,953 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth about $35,662,000. Hedge funds and other institutional investors own 64.15% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on BXMT shares. JPMorgan Chase & Co. decreased their target price on 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. UBS Group reiterated a "neutral" rating and set a $19.50 target price (up from $19.00) on shares of Blackstone Mortgage Trust in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their target price on 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, JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.50.
Read Our Latest Report on BXMT
About Blackstone Mortgage Trust
(
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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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