Blackstone Mortgage Trust Inc (NYSE:BXMT) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its stake in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 45.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,810 shares of the real estate investment trust’s stock after selling 6,576 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Blackstone Mortgage Trust were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BXMT. Geode Capital Management LLC lifted its position in Blackstone Mortgage Trust by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 1,625,430 shares of the real estate investment trust’s stock valued at $51,976,000 after purchasing an additional 103,508 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Blackstone Mortgage Trust by 16.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 1,990 shares during the period. Janus Henderson Group PLC acquired a new position in Blackstone Mortgage Trust during the 1st quarter valued at about $276,000. Rhumbline Advisers increased its stake in Blackstone Mortgage Trust by 1.9% during the 1st quarter. Rhumbline Advisers now owns 176,572 shares of the real estate investment trust’s stock valued at $6,102,000 after buying an additional 3,273 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Blackstone Mortgage Trust by 63.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 43,178 shares of the real estate investment trust’s stock valued at $1,492,000 after buying an additional 16,690 shares during the period. Hedge funds and other institutional investors own 59.87% of the company’s stock.

BXMT has been the topic of several recent research reports. ValuEngine cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Monday, August 26th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $35.83.

Shares of BXMT stock traded up $0.05 during trading on Friday, hitting $36.21. 8,185 shares of the company were exchanged, compared to its average volume of 728,722. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.90 and a beta of 0.53. The business’s 50-day simple moving average is $35.19 and its 200 day simple moving average is $35.31. Blackstone Mortgage Trust Inc has a twelve month low of $30.84 and a twelve month high of $36.77.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $106.48 million during the quarter, compared to analysts’ expectations of $103.55 million. Blackstone Mortgage Trust had a net margin of 46.31% and a return on equity of 9.06%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. On average, equities analysts predict that Blackstone Mortgage Trust Inc will post 2.46 earnings per share for the current year.

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 749 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $35.42, for a total value of $26,529.58. Following the completion of the sale, the chief financial officer now directly owns 28,659 shares in the company, valued at $1,015,101.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas N. Armer sold 801 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $35.44, for a total transaction of $28,387.44. Following the completion of the sale, the executive vice president now owns 69,963 shares of the company’s stock, valued at $2,479,488.72. The disclosure for this sale can be found here. Insiders sold 3,240 shares of company stock valued at $114,739 over the last quarter. Corporate insiders own 0.95% of the company’s stock.

Blackstone Mortgage Trust 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.

Read More: How to Track your Portfolio in Google Finance

Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.