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.
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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