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.
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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