Blackstone Mortgage Trust Inc (NYSE:BXMT) insider Thomas C. Ruffing sold 397 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $35.46, for a total value of $14,077.62. Following the completion of the sale, the insider now directly owns 27,144 shares in the company, valued at approximately $962,526.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of NYSE BXMT traded down $0.13 during trading hours on Monday, hitting $35.65. 5,230 shares of the company traded hands, compared to its average volume of 785,508. The company has a market cap of $4.48 billion, a P/E ratio of 13.45, a P/E/G ratio of 2.78 and a beta of 0.57. Blackstone Mortgage Trust Inc has a 12 month low of $30.84 and a 12 month high of $35.98.
Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The firm had revenue of $106.07 million for the quarter, compared to the consensus estimate of $98.89 million. Blackstone Mortgage Trust had a return on equity of 9.73% and a net margin of 48.22%. During the same quarter in the previous year, the company posted $0.64 EPS. On average, research analysts expect that Blackstone Mortgage Trust Inc will post 2.54 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Enlightenment Research LLC purchased a new position in Blackstone Mortgage Trust during the 4th quarter valued at $96,000. Golub Group LLC boosted its holdings in Blackstone Mortgage Trust by 7.2% during the 4th quarter. Golub Group LLC now owns 70,230 shares of the real estate investment trust’s stock valued at $2,238,000 after acquiring an additional 4,711 shares during the period. Cetera Advisors LLC boosted its holdings in Blackstone Mortgage Trust by 68.7% during the 4th quarter. Cetera Advisors LLC now owns 10,314 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 4,200 shares during the period. Winslow Evans & Crocker Inc. boosted its holdings in Blackstone Mortgage Trust by 30.8% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 350 shares during the period. Finally, HRT Financial LLC purchased a new position in Blackstone Mortgage Trust during the 4th quarter valued at $291,000. 60.82% of the stock is currently owned by hedge funds and other institutional investors.
BXMT has been the topic of several analyst reports. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 13th. Deutsche Bank downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $35.00 to $34.50 in a research report on Wednesday, February 13th. JMP Securities reissued a “hold” rating on shares of Blackstone Mortgage Trust in a research report on Sunday, February 17th. Finally, ValuEngine downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Blackstone Mortgage Trust currently has an average rating of “Hold” and a consensus target price of $35.63.
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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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