Blackstone Mortgage Trust Inc (BXMT) Insider Sells $14,077.62 in Stock

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.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 6.96%. The ex-dividend date was Thursday, March 28th. Blackstone Mortgage Trust’s dividend payout ratio is currently 93.58%.

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

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