Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Free Report) CEO Katharine A. Keenan sold 2,259 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $17.04, for a total value of $38,493.36. Following the completion of the sale, the chief executive officer now directly owns 189,764 shares of the company’s stock, valued at $3,233,578.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Blackstone Mortgage Trust Trading Up 2.0 %
Shares of NYSE:BXMT opened at $17.44 on Friday. The company has a 50 day moving average of $18.41 and a 200 day moving average of $20.03. The stock has a market cap of $3.03 billion, a P/E ratio of 581.33 and a beta of 1.44. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.73 and a 12 month high of $23.82.
Blackstone Mortgage Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 14.22%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 8,266.67%.
Institutional Investors Weigh In On Blackstone Mortgage Trust
A number of institutional investors and hedge funds have recently made changes to their positions in BXMT. Vanguard Group Inc. increased its stake in Blackstone Mortgage Trust by 15.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock worth $405,492,000 after acquiring an additional 2,470,412 shares during the last quarter. Blackstone Inc. grew its position in Blackstone Mortgage Trust by 9.5% in the fourth quarter. Blackstone Inc. now owns 7,948,955 shares of the real estate investment trust’s stock worth $169,074,000 after acquiring an additional 686,881 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Blackstone Mortgage Trust by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,531,729 shares of the real estate investment trust’s stock valued at $53,850,000 after acquiring an additional 106,670 shares during the last quarter. Northern Trust Corp raised its position in Blackstone Mortgage Trust by 22.7% during the third quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust’s stock valued at $48,260,000 after purchasing an additional 410,722 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Blackstone Mortgage Trust by 45.5% during the third quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust’s stock worth $46,578,000 after purchasing an additional 669,172 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently weighed in on BXMT. JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Thursday, April 25th. UBS Group reduced their target price on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Bank of America lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Finally, BTIG Research dropped their target price on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Blackstone Mortgage Trust presently has an average rating of “Hold” and a consensus target price of $19.93.
Check Out Our Latest Stock Analysis on Blackstone Mortgage Trust
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.
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