Blackstone Mortgage Trust Inc (NYSE:BXMT)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $36.07 and last traded at $35.96, with a volume of 57450 shares changing hands. The stock had previously closed at $35.71.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, April 26th. JMP Securities reiterated a “hold” rating on shares of Blackstone Mortgage Trust in a research note on Sunday, February 17th. Deutsche Bank cut shares of 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 note on Wednesday, February 13th. Finally, ValuEngine cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $35.63.
The firm has a market cap of $4.47 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 2.79 and a beta of 0.57.
In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 1,913 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $35.46, for a total value of $67,834.98. Following the sale, the treasurer now owns 74,383 shares of the company’s stock, valued at approximately $2,637,621.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Anthony F. Marone, Jr. sold 793 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $35.45, for a total transaction of $28,111.85. Following the completion of the sale, the chief financial officer now directly owns 29,824 shares in the company, valued at approximately $1,057,260.80. The disclosure for this sale can be found here. Insiders sold a total of 3,808 shares of company stock worth $134,065 in the last three months. Insiders own 0.96% of the company’s stock.
A number of institutional investors have recently made changes to their positions in BXMT. Cetera Advisors LLC raised its position in shares of Blackstone Mortgage Trust by 68.7% in 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. Enlightenment Research LLC acquired a new stake in shares of Blackstone Mortgage Trust in the 4th quarter valued at approximately $96,000. Golub Group LLC increased its stake 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 worth $2,238,000 after purchasing an additional 4,711 shares in the last quarter. Winslow Evans & Crocker Inc. increased its stake 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 worth $48,000 after purchasing an additional 350 shares in the last quarter. Finally, HRT Financial LLC bought a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $291,000. 60.75% of the stock is currently owned by hedge funds and other institutional investors.
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Blackstone Mortgage Trust Company Profile (NYSE:BXMT)
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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