Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Free Report) Director Henry N. Nassau bought 10,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the transaction, the director now directly owns 182,946 shares of the company’s stock, valued at approximately $3,457,679.40. The trade was a 5.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Blackstone Mortgage Trust Stock Performance
Shares of NYSE:BXMT opened at $18.95 on Friday. The firm’s 50 day simple moving average is $19.26 and its 200-day simple moving average is $18.88. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24. The firm has a market cap of $3.25 billion, a PE ratio of -16.20 and a beta of 1.12.
Blackstone Mortgage Trust (NYSE:BXMT – Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. Equities research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.
Blackstone Mortgage Trust Dividend Announcement
Analyst Upgrades and Downgrades
Several research analysts have weighed in on BXMT shares. Keefe, Bruyette & Woods decreased their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday, April 16th. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, UBS Group reduced their target price on shares of Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Blackstone Mortgage Trust currently has an average rating of “Hold” and a consensus target price of $20.25.
Check Out Our Latest Stock Report on BXMT
Institutional Investors Weigh In On Blackstone Mortgage Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Blackstone Mortgage Trust during the 4th quarter valued at about $35,662,000. Balyasny Asset Management L.P. increased its holdings in shares of Blackstone Mortgage Trust by 39.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust’s stock valued at $49,315,000 after acquiring an additional 801,083 shares in the last quarter. Blackstone Inc. raised its position in shares of Blackstone Mortgage Trust by 8.2% in the 4th quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust’s stock valued at $149,752,000 after purchasing an additional 652,537 shares during the last quarter. Millennium Management LLC boosted its stake in Blackstone Mortgage Trust by 473.3% in the 4th quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust’s stock worth $10,882,000 after purchasing an additional 516,023 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $8,118,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.
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