Blackstone Mortgage Trust, Inc. (NYSE: BXMTGet a rating) Director Leonard W. Cotton acquired 5,000 shares of the company in a transaction on Tuesday, June 21. The shares were acquired at an average price of $27.78 per share, with a total value of $138,900.00. Following the completion of the purchase, the director now owns 47,955 shares of the company, valued at $1,332,189.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink.

NYSE: BXMT opened at $29.03 on Friday. Blackstone Mortgage Trust, Inc. has a 52-week minimum of $25.99 and a 52-week maximum of $34.04. The company has a market capitalization of $4.94 billion, a P/E ratio of 10.41 and a beta of 1.23. The company’s 50-day moving average price is $30.08 and its 200-day moving average price is $30.91.

Blackstone Mortgage Trust (NYSE: BXMTGet a rating) last released its quarterly results on Wednesday, April 27. The REIT reported earnings per share (EPS) of $0.62 for the quarter, missing analyst consensus estimates of $0.64 per ($0.02). The company posted revenue of $133.72 million in the quarter, compared to $133.75 million expected by analysts. Blackstone Mortgage Trust had a return on equity of 8.75% and a net margin of 54.55%. Blackstone Mortgage Trust’s revenue for the quarter increased 22.5% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.53. On average, stock analysts expect Blackstone Mortgage Trust, Inc. to post earnings per share of 2.31 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $0.62. This represents an annualized dividend of $2.48 and a dividend yield of 8.54%. The ex-dividend date is Wednesday, June 29. Blackstone Mortgage Trust’s dividend payout ratio is currently 88.89%.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Blackstone Mortgage Trust in the fourth quarter, valued at around $25,000. Nauset Wealth Management. LLC acquired a new position in Blackstone Mortgage Trust in the first quarter worth $31,000. Dark Forest Capital Management LP bought a new stake in shares of Blackstone Mortgage Trust during the third quarter for $33,000. McIlrath & Eck LLC acquired a new equity stake in Blackstone Mortgage Trust in the first quarter valued at $35,000. Finally, MBM Wealth Consultants LLC bought a new stock position in Blackstone Mortgage Trust in the fourth quarter worth approximately $52,000. Institutional investors hold 55.13% of the company’s shares.

Separately, StockNews.com began covering Blackstone Mortgage Trust shares in a research report on Thursday, March 31. They issued a “holding” rating for the company.

Blackstone Mortgage Trust Company Profile (Get a rating)

Blackstone Mortgage Trust, Inc, a real estate finance company, issues senior loans secured by commercial properties in North America, Europe and Australia. The Company operates as a real estate investment trust for federal income tax purposes. It would generally not be subject to US federal income tax if it distributed at least 90% of its taxable income to its shareholders.

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Insider buying and selling by quarter for Blackstone Mortgage Trust (NYSE:BXMT)



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