Insider Selling: Blackstone Mortgage Trust Inc (NYSE:BXMT) CFO Sells $12,884.42 in Stock

Share on StockTwits

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.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Blackstone Mortgage Trust by 7.4% during the second quarter. Vanguard Group Inc. now owns 13,090,532 shares of the real estate investment trust’s stock worth $465,761,000 after acquiring an additional 902,257 shares during the last quarter. Blackstone Group Inc increased its stake in Blackstone Mortgage Trust by 3.0% during the second quarter. Blackstone Group Inc now owns 5,505,875 shares of the real estate investment trust’s stock worth $195,899,000 after acquiring an additional 158,982 shares during the last quarter. Northern Trust Corp increased its stake in Blackstone Mortgage Trust by 3.3% during the second quarter. Northern Trust Corp now owns 2,166,735 shares of the real estate investment trust’s stock worth $77,093,000 after acquiring an additional 69,279 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Blackstone Mortgage Trust by 174.6% in the second quarter. Nuveen Asset Management LLC now owns 1,895,306 shares of the real estate investment trust’s stock worth $67,435,000 after buying an additional 1,205,022 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Blackstone Mortgage Trust by 10.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 850,627 shares of the real estate investment trust’s stock worth $30,266,000 after buying an additional 82,632 shares during the period. Institutional investors own 59.05% of the company’s stock.

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.

Featured Story: Why does a company issue an IPO?

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

Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Capital City Bank Group, Inc.  Director Acquires $43,410.00 in Stock
Capital City Bank Group, Inc. Director Acquires $43,410.00 in Stock
Raymond James  CEO Sells $280,273.62 in Stock
Raymond James CEO Sells $280,273.62 in Stock
Brokerages Set Triumph Bancorp Inc  Target Price at $34.50
Brokerages Set Triumph Bancorp Inc Target Price at $34.50
Hudson Pacific Properties Inc  Receives $40.75 Average Price Target from Analysts
Hudson Pacific Properties Inc Receives $40.75 Average Price Target from Analysts
Lendingblock Price Reaches $0.0017
Lendingblock Price Reaches $0.0017
Photon Achieves Market Capitalization of $83,292.00
Photon Achieves Market Capitalization of $83,292.00


© 2006-2019 Ticker Report