Blackstone Mortgage Trust Inc (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 358 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $35.99, for a total value of $12,884.42. Following the completion of the transaction, the chief financial officer now owns 27,531 shares of the company’s stock, valued at $990,840.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Blackstone Mortgage Trust stock traded down $0.13 during trading on Friday, hitting $35.69. The company’s stock had a trading volume of 22,793 shares, compared to its average volume of 790,499. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 13.46, a P/E/G ratio of 2.97 and a beta of 0.52. The stock’s fifty day moving average is $35.98 and its 200 day moving average is $35.76. Blackstone Mortgage Trust Inc has a 1-year low of $30.84 and a 1-year high of $36.77.
Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.05. The firm had revenue of $101.92 million during the quarter, compared to analyst estimates of $105.80 million. Blackstone Mortgage Trust had a return on equity of 8.70% and a net margin of 39.30%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. Equities research analysts forecast that Blackstone Mortgage Trust Inc will post 2.41 EPS for the current fiscal year.
BXMT has been the subject of several analyst reports. Zacks Investment Research lowered Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. ValuEngine lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
Blackstone Mortgage Trust Company Profile
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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