Blackstone Mortgage Trust Inc (NYSE:BXMT) EVP Douglas N. Armer sold 801 shares of the business’s 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 sale, the executive vice president now owns 69,963 shares in the company, valued at approximately $2,479,488.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Blackstone Mortgage Trust stock traded up $0.08 during mid-day trading on Tuesday, hitting $35.72. The company’s stock had a trading volume of 571,091 shares, compared to its average volume of 887,781. The firm’s 50 day moving average is $35.19 and its 200 day moving average is $35.30. The company has a market cap of $4.80 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 2.87 and a beta of 0.53. Blackstone Mortgage Trust Inc has a 52-week low of $30.84 and a 52-week high of $36.77.
Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $106.48 million for the quarter, compared to analysts’ expectations of $103.55 million. Blackstone Mortgage Trust had a return on equity of 9.06% and a net margin of 46.31%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 EPS. As a group, equities analysts forecast that Blackstone Mortgage Trust Inc will post 2.46 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of BXMT. Nuveen Asset Management LLC grew its position in Blackstone Mortgage Trust by 174.6% during the second quarter. Nuveen Asset Management LLC now owns 1,895,306 shares of the real estate investment trust’s stock valued at $67,435,000 after purchasing an additional 1,205,022 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Blackstone Mortgage Trust by 7.4% during the second quarter. Vanguard Group Inc. now owns 13,090,532 shares of the real estate investment trust’s stock worth $465,761,000 after acquiring an additional 902,257 shares in the last quarter. Capital Advisors Inc. OK lifted its holdings in shares of Blackstone Mortgage Trust by 323.3% during the 2nd quarter. Capital Advisors Inc. OK now owns 280,840 shares of the real estate investment trust’s stock valued at $9,992,000 after buying an additional 214,489 shares during the last quarter. Laurion Capital Management LP grew its position in Blackstone Mortgage Trust by 340.1% in the second quarter. Laurion Capital Management LP now owns 230,400 shares of the real estate investment trust’s stock worth $8,198,000 after acquiring an additional 178,044 shares in the last quarter. Finally, Blackstone Group Inc lifted its stake in shares of Blackstone Mortgage Trust by 3.0% in the 2nd quarter. Blackstone Group Inc now owns 5,505,875 shares of the real estate investment trust’s stock valued at $195,899,000 after purchasing an additional 158,982 shares during the last quarter. 59.87% of the stock is owned by institutional investors and hedge funds.
About Blackstone Mortgage Trust
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.
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