Blackstone Mortgage Trust Inc (NYSE:BXMT) EVP Sells $28,387.44 in Stock

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Blackstone Mortgage Trust Inc (NYSE:BXMT) EVP Douglas N. Armer sold 801 shares of Blackstone Mortgage Trust stock in a transaction on Monday, September 9th. The shares were sold at an average price of $35.44, for a total value of $28,387.44. Following the completion of the transaction, the executive vice president now owns 69,963 shares of the company’s stock, valued at $2,479,488.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Blackstone Mortgage Trust stock opened at $36.16 on Friday. Blackstone Mortgage Trust Inc has a 52 week low of $30.84 and a 52 week high of $36.77. The business has a 50-day simple moving average of $35.19 and a 200 day simple moving average of $35.31. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 2.90 and a beta of 0.53.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Blackstone Mortgage Trust had a return on equity of 9.06% and a net margin of 46.31%. The business had revenue of $106.48 million during the quarter, compared to analysts’ expectations of $103.55 million. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Blackstone Mortgage Trust Inc will post 2.46 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position 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 buying an additional 902,257 shares in the last quarter. Blackstone Group Inc grew its position 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 buying an additional 158,982 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Blackstone Mortgage Trust by 3.3% in the 2nd quarter. Northern Trust Corp now owns 2,166,735 shares of the real estate investment trust’s stock valued at $77,093,000 after acquiring an additional 69,279 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Blackstone Mortgage Trust by 174.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,895,306 shares of the real estate investment trust’s stock valued at $67,435,000 after acquiring an additional 1,205,022 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Blackstone Mortgage Trust by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 1,625,430 shares of the real estate investment trust’s stock valued at $51,976,000 after acquiring an additional 103,508 shares during the last quarter. Institutional investors and hedge funds own 59.87% of the company’s stock.

BXMT has been the subject of several recent research reports. ValuEngine cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Blackstone Mortgage Trust currently has an average rating of “Hold” and a consensus price target of $35.83.

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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