Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CFO Marcin Urbaszek sold 800 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.14, for a total transaction of $15,312.00. Following the sale, the chief financial officer now directly owns 12,089 shares in the company, valued at approximately $231,383.46. The trade was a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Blackstone Mortgage Trust Price Performance
Shares of BXMT traded up $0.31 during midday trading on Wednesday, reaching $19.33. The stock had a trading volume of 1,964,516 shares, compared to its average volume of 1,658,505. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -42.03 and a beta of 1.11. The company's fifty day simple moving average is $18.89 and its two-hundred day simple moving average is $18.98. 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 firm also recently disclosed 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. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 9.72%. Blackstone Mortgage Trust's dividend payout ratio is currently -408.70%.
Analysts Set New Price Targets
Several brokerages have commented on BXMT. JPMorgan Chase & Co. decreased 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 report on Thursday, May 1st. UBS Group restated a "neutral" rating and set a $19.50 price target (up previously from $19.00) on shares of Blackstone Mortgage Trust in a report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods reduced their price target 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Blackstone Mortgage Trust presently has a consensus rating of "Hold" and a consensus target price of $20.50.
View Our Latest Research Report on BXMT
Hedge Funds Weigh In On Blackstone Mortgage Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in shares of Blackstone Mortgage Trust in the 1st quarter valued at about $650,000. Advisors Capital Management LLC lifted its stake in Blackstone Mortgage Trust by 5.8% in the first quarter. Advisors Capital Management LLC now owns 1,033,015 shares of the real estate investment trust's stock valued at $20,660,000 after buying an additional 56,526 shares during the last quarter. Intech Investment Management LLC lifted its stake in Blackstone Mortgage Trust by 5.0% in the first quarter. Intech Investment Management LLC now owns 73,679 shares of the real estate investment trust's stock valued at $1,474,000 after buying an additional 3,478 shares during the last quarter. Bayforest Capital Ltd boosted its holdings in shares of Blackstone Mortgage Trust by 185.7% in the first quarter. Bayforest Capital Ltd now owns 30,719 shares of the real estate investment trust's stock valued at $614,000 after acquiring an additional 19,965 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Blackstone Mortgage Trust by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 570,233 shares of the real estate investment trust's stock worth $11,405,000 after acquiring an additional 37,838 shares during the last quarter. 64.15% of the stock is owned by institutional investors and hedge funds.
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.
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