Blackstone Mortgage Trust Inc (NYSE:BXMT) EVP Douglas N. Armer Sells 801 Shares

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.

A number of equities analysts recently commented on the stock. ValuEngine lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded 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 issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $35.83.

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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