Blackstone Mortgage Trust (NYSE:BXMT) President Fernando Austin Pena Sells 1,670 Shares of Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) President Fernando Austin Pena sold 1,670 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $17.07, for a total transaction of $28,506.90. Following the completion of the sale, the president owned 72,899 shares of the company’s stock, valued at $1,244,385.93. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 Thursday, June 25th, Fernando Austin Pena sold 2,398 shares of Blackstone Mortgage Trust stock. The stock was sold at an average price of $17.48, for a total value of $41,917.04.

Blackstone Mortgage Trust Stock Up 0.1%

BXMT opened at $16.98 on Thursday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.88 and a 52 week high of $20.67. The business has a fifty day simple moving average of $18.41 and a 200-day simple moving average of $19.05. The firm has a market cap of $2.86 billion, a P/E ratio of 27.83 and a beta of 0.90.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Tuesday, June 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 308.20%.

Institutional Trading of Blackstone Mortgage Trust

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Blackstone Mortgage Trust by 36.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 578,444 shares of the real estate investment trust’s stock valued at $10,649,000 after purchasing an additional 155,421 shares in the last quarter. Bamco Inc. NY grew its stake in shares of Blackstone Mortgage Trust by 6.4% during the third quarter. Bamco Inc. NY now owns 1,696,314 shares of the real estate investment trust’s stock worth $31,229,000 after purchasing an additional 101,701 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Blackstone Mortgage Trust by 2,836.1% during the fourth quarter. SG Americas Securities LLC now owns 214,626 shares of the real estate investment trust’s stock worth $4,106,000 after purchasing an additional 207,316 shares in the last quarter. Van ECK Associates Corp increased its holdings in Blackstone Mortgage Trust by 9.0% in the third quarter. Van ECK Associates Corp now owns 865,464 shares of the real estate investment trust’s stock valued at $15,933,000 after buying an additional 71,584 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Blackstone Mortgage Trust by 103.3% in the fourth quarter. Apollon Wealth Management LLC now owns 86,573 shares of the real estate investment trust’s stock valued at $1,656,000 after buying an additional 43,996 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Zacks Research downgraded shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods reduced their target price on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. UBS Group began coverage on shares of Blackstone Mortgage Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 price target for the company. Finally, Weiss Ratings downgraded shares of Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

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.