Marcin Urbaszek Sells 800 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CFO Marcin Urbaszek sold 800 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $19.14, for a total value of $15,312.00. Following the sale, the chief financial officer now directly owns 12,089 shares of the company's stock, valued at approximately $231,383.46. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Blackstone Mortgage Trust Stock Performance

Shares of Blackstone Mortgage Trust stock traded down $0.04 on Friday, reaching $19.28. 3,836,124 shares of the company were exchanged, compared to its average volume of 1,665,801. The company's 50-day moving average is $18.96 and its two-hundred day moving average is $18.98. The firm has a market cap 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 given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date of this dividend is Monday, June 30th. Blackstone Mortgage Trust's payout ratio is -408.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BXMT. JMP Securities reaffirmed 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 issued a $19.50 price target (up previously from $19.00) on shares of Blackstone Mortgage Trust in a report on Wednesday, May 21st. Keefe, Bruyette & Woods cut their price objective on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. cut their price objective 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.50.

Institutional Trading of Blackstone Mortgage Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. ExodusPoint Capital Management LP acquired a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $4,952,000. Handelsbanken Fonder AB raised its position in shares of Blackstone Mortgage Trust by 17.5% during the 4th quarter. Handelsbanken Fonder AB now owns 57,051 shares of the real estate investment trust's stock worth $993,000 after purchasing an additional 8,500 shares during the period. Norges Bank acquired a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $35,662,000. Raymond James Financial Inc. acquired a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $1,326,000. Finally, Principal Financial Group Inc. raised its position in shares of Blackstone Mortgage Trust by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust's stock worth $14,607,000 after purchasing an additional 20,487 shares during the period. 64.15% of the stock is currently owned by institutional investors and hedge funds.

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.