Anthony F. Marone, Jr. Sells 389 Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) Stock

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Blackstone Mortgage Trust Inc (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 389 shares of Blackstone Mortgage Trust stock in a transaction on Monday, November 11th. The shares were sold at an average price of $35.99, for a total transaction of $14,000.11. Following the completion of the transaction, the chief financial officer now owns 27,531 shares in the company, valued at approximately $990,840.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NYSE:BXMT traded down $0.27 during midday trading on Tuesday, hitting $35.75. 1,004,694 shares of the company’s stock traded hands, compared to its average volume of 868,259. The company has a market cap of $4.84 billion, a PE ratio of 13.49, a P/E/G ratio of 2.99 and a beta of 0.52. The firm’s fifty day moving average price is $36.00 and its two-hundred day moving average price is $35.75. Blackstone Mortgage Trust Inc has a twelve month low of $30.84 and a twelve month high of $36.77.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. The business had revenue of $101.92 million for the quarter, compared to analyst estimates of $105.80 million. Blackstone Mortgage Trust had a net margin of 39.30% and a return on equity of 8.70%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. On average, equities research analysts forecast that Blackstone Mortgage Trust Inc will post 2.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.48 annualized dividend and a dividend yield of 6.94%. Blackstone Mortgage Trust’s payout ratio is 93.58%.

Large investors have recently bought and sold shares of the stock. Lenox Wealth Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $27,000. Pacific Center for Financial Services acquired a new position in shares of Blackstone Mortgage Trust during the 2nd quarter valued at $30,000. Quest Capital Management Inc. ADV acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $30,000. Parallel Advisors LLC increased its stake in Blackstone Mortgage Trust by 695.7% during the 3rd quarter. Parallel Advisors LLC now owns 915 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 800 shares during the period. Finally, HM Payson & Co. purchased a new stake in Blackstone Mortgage Trust during the 2nd quarter worth $36,000. Institutional investors and hedge funds own 59.05% of the company’s stock.

Several research firms recently weighed in on BXMT. Zacks Investment Research lowered shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. ValuEngine lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

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Insider Buying and Selling by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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