Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony F. Marone, Jr. Sells 1,002 Shares of Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 1,002 shares of Blackstone Mortgage Trust stock in a transaction on Monday, June 17th. The stock was sold at an average price of $17.56, for a total value of $17,595.12. Following the completion of the sale, the chief financial officer now directly owns 58,118 shares of the company’s stock, valued at approximately $1,020,552.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock opened at $17.93 on Wednesday. The stock’s 50-day simple moving average is $17.87 and its 200-day simple moving average is $19.60. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.70 and a 52 week high of $23.82. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 597.67 and a beta of 1.47.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.62 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.48 annualized dividend and a dividend yield of 13.83%. Blackstone Mortgage Trust’s payout ratio is 8,266.67%.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Blackstone Mortgage Trust by 35.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,096,198 shares of the real estate investment trust’s stock worth $23,316,000 after buying an additional 289,643 shares in the last quarter. Norges Bank purchased a new stake in shares of Blackstone Mortgage Trust in the fourth quarter worth about $38,747,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Blackstone Mortgage Trust during the third quarter valued at approximately $1,136,000. Vanguard Group Inc. raised its position in Blackstone Mortgage Trust by 15.3% during the third quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock valued at $405,492,000 after purchasing an additional 2,470,412 shares during the period. Finally, Cibc World Markets Corp purchased a new stake in Blackstone Mortgage Trust during the fourth quarter valued at approximately $1,222,000. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on BXMT shares. Wells Fargo & Company cut their price target on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. UBS Group cut their price target on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Thursday, April 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.00 price target on shares of Blackstone Mortgage Trust in a report on Tuesday. Finally, BTIG Research cut their price target on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.93.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.