The Insider Selling: Blackstone Mortgage Trust Inc (BXMT) Treasurer Sells $18,419.80 in Stock

The Insider Selling: Blackstone Mortgage Trust Inc (BXMT) Treasurer Sells $18,419.80 in Stock

Blackstone Mortgage Trust Inc (NYSE:BXMT) Treasurer Douglas N. Armer sold 590 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $31.22, for a total value of $18,419.80. Following the completion of the sale, the treasurer now owns 56,074 shares of the company’s stock, valued at $1,750,630.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Blackstone Mortgage Trust Inc (NYSE:BXMT) traded down 0.2938% during midday trading on Monday, reaching $30.5799. The company’s stock had a trading volume of 152,296 shares. The firm has a 50-day moving average price of $30.93 and a 200 day moving average price of $30.03. Blackstone Mortgage Trust Inc has a 52-week low of $25.34 and a 52-week high of $31.53. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 12.0869 and a beta of 0.84.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Tuesday, February 14th. The real estate investment trust reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The firm had revenue of $71.83 million for the quarter, compared to analyst estimates of $78.62 million. Blackstone Mortgage Trust had a return on equity of 9.35% and a net margin of 59.83%. The business’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. Equities research analysts predict that Blackstone Mortgage Trust Inc will post $2.59 EPS for the current fiscal year.

BXMT has been the subject of a number of research analyst reports. TheStreet upgraded Blackstone Mortgage Trust from a “c” rating to a “b-” rating in a research report on Thursday, February 16th. FBR & Co restated a “buy” rating on shares of Blackstone Mortgage Trust in a research report on Wednesday, February 15th. JMP Securities downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 16th. They noted that the move was a valuation call. Wells Fargo & Co downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Monday, January 9th. Finally, Bank of America Corp downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.60.

Several hedge funds have recently bought and sold shares of the company. Boston Partners raised its stake in Blackstone Mortgage Trust by 268.6% in the third quarter. Boston Partners now owns 339,008 shares of the real estate investment trust’s stock valued at $9,984,000 after buying an additional 247,037 shares during the last quarter. Toronto Dominion Bank raised its stake in Blackstone Mortgage Trust by 12.6% in the third quarter. Toronto Dominion Bank now owns 1,324,000 shares of the real estate investment trust’s stock valued at $38,992,000 after buying an additional 148,551 shares during the last quarter. Pekin Singer Strauss Asset Management IL raised its stake in Blackstone Mortgage Trust by 12.8% in the third quarter. Pekin Singer Strauss Asset Management IL now owns 57,052 shares of the real estate investment trust’s stock valued at $1,680,000 after buying an additional 6,476 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake in Blackstone Mortgage Trust by 0.6% in the third quarter. Punch & Associates Investment Management Inc. now owns 212,966 shares of the real estate investment trust’s stock valued at $6,272,000 after buying an additional 1,172 shares during the last quarter. Finally, Private Capital Advisors Inc. purchased a new stake in Blackstone Mortgage Trust during the third quarter valued at $3,919,000. 71.56% of the stock is owned by institutional investors.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc is a holding company, which conducts its operations as a real estate investment trust. The Company is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. Its business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, residential, retail, industrial and healthcare sectors in North America and Europe.

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