Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) CFO Anthony F. Marone, Jr. sold 1,006 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $19.48, for a total value of $19,596.88. Following the transaction, the chief financial officer owned 62,570 shares in the company, valued at $1,218,863.60. This trade represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Blackstone Mortgage Trust Stock Performance
BXMT traded down $0.35 during midday trading on Monday, hitting $19.06. The stock had a trading volume of 1,487,050 shares, compared to its average volume of 1,054,026. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The business has a fifty day moving average of $19.28 and a 200 day moving average of $19.28. The company has a market cap of $3.27 billion, a P/E ratio of -272.21 and a beta of 1.16.
Blackstone Mortgage Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.9%. Blackstone Mortgage Trust's dividend payout ratio is -2,685.71%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on BXMT shares. Keefe, Bruyette & Woods decreased their target price on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating on the stock in a research report on Thursday, July 31st. UBS Group raised their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Blackstone Mortgage Trust currently has a consensus rating of "Hold" and an average price target of $19.50.
Check Out Our Latest Research Report on BXMT
Institutional Trading of Blackstone Mortgage Trust
Several large investors have recently modified their holdings of the business. SVB Wealth LLC bought a new position in Blackstone Mortgage Trust during the 1st quarter valued at approximately $29,000. Jones Financial Companies Lllp raised its holdings 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 in the last quarter. Rossby Financial LCC purchased a new stake in Blackstone Mortgage Trust in the first quarter worth $49,000. FNY Investment Advisers LLC lifted its stake in 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 worth $50,000 after acquiring an additional 2,100 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Blackstone Mortgage Trust by 187.8% in the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 1,944 shares in the last quarter. 64.15% of the stock is owned by institutional investors.
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.
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
