Blackstone Mortgage Trust (NYSE:BXMT) CEO Sells $89,517.57 in Stock

Key Points

• Katharine Keenan, CEO of Blackstone Mortgage Trust, sold 4,593 shares for $89,517.57, reducing her ownership by 1.96% to 230,006 shares valued at approximately $4.48 million.
• The company has announced a quarterly dividend of $0.47 to be paid on October 15, reflecting a 9.7% yield based on an annualized payout of $1.88.
• Recent analyst reports show mixed views on the stock, with price targets ranging from $19.50 to $20.00 and a consensus rating of "Hold".

Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CEO Katharine A. Keenan sold 4,593 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total value of $89,517.57. Following the transaction, the chief executive officer owned 230,006 shares in the company, valued at $4,482,816.94. The trade was a 1.96% 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 Down 1.8%

BXMT stock traded down $0.35 on Monday, reaching $19.06. 1,487,050 shares of the company's stock were exchanged, compared to its average volume of 1,054,026. The stock has a fifty day moving average of $19.28 and a 200-day moving average of $19.28. The firm has a market cap of $3.27 billion, a PE ratio of -272.21 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 9.9%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -2,685.71%.

Institutional Investors Weigh In On Blackstone Mortgage Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC purchased a new position in Blackstone Mortgage Trust during the first quarter worth $29,000. Jones Financial Companies Lllp boosted its stake in shares of Blackstone Mortgage Trust by 45.5% during the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 536 shares during the last quarter. Rossby Financial LCC purchased a new stake in Blackstone Mortgage Trust during the 1st quarter worth about $49,000. FNY Investment Advisers LLC raised its position in shares of Blackstone Mortgage Trust by 420.0% in the second quarter. FNY Investment Advisers LLC now owns 2,600 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 2,100 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Blackstone Mortgage Trust by 187.8% during the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,944 shares during the period. Hedge funds and other institutional investors own 64.15% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on BXMT. UBS Group increased their target price on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods reduced their price objective on Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Blackstone Mortgage Trust presently has a consensus rating of "Hold" and a consensus target price of $19.50.

About Blackstone Mortgage Trust

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.