Fernando Austin Pena Sells 2,398 Shares of Blackstone Mortgage Trust (NYSE:BXMT) Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) President Fernando Austin Pena sold 2,398 shares of Blackstone Mortgage Trust stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $17.48, for a total value of $41,917.04. Following the completion of the sale, the president owned 74,569 shares in the company, valued at $1,303,466.12. This represents a 3.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Fernando Austin Pena also recently made the following trade(s):

• On Tuesday, March 31st, Fernando Austin Pena sold 1,666 shares of Blackstone Mortgage Trust stock. The stock was sold at an average price of $18.88, for a total value of $31,454.08.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT traded up $0.03 during midday trading on Monday, reaching $17.45. 2,444,882 shares of the company’s stock were exchanged, compared to its average volume of 1,501,122. The firm’s 50 day simple moving average is $18.58 and its two-hundred day simple moving average is $19.12. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 28.61 and a beta of 0.89. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $17.09 and a fifty-two week high of $20.67.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 308.20%.

Analyst Upgrades and Downgrades

BXMT has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Zacks Research lowered Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods decreased their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a research note on Friday. Weiss Ratings lowered Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 22nd. Finally, UBS Group assumed coverage on Blackstone Mortgage Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BXMT. Elevation Point Wealth Partners LLC increased its stake in Blackstone Mortgage Trust by 2.2% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 24,602 shares of the real estate investment trust’s stock worth $482,000 after buying an additional 525 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Blackstone Mortgage Trust by 45.5% in the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 536 shares in the last quarter. Kennicott Capital Management LLC grew its stake in shares of Blackstone Mortgage Trust by 2.6% in the fourth quarter. Kennicott Capital Management LLC now owns 36,450 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 921 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Blackstone Mortgage Trust by 0.4% in the third quarter. California Public Employees Retirement System now owns 249,450 shares of the real estate investment trust’s stock valued at $4,592,000 after acquiring an additional 976 shares in the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of Blackstone Mortgage Trust by 19.8% in the fourth quarter. Sound Income Strategies LLC now owns 6,152 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.