Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) saw some unusual options trading on Tuesday. Investors acquired 3,773 put options on the stock. This represents an increase of approximately 118% compared to the typical volume of 1,734 put options.
Blackstone Mortgage Trust Stock Performance
NYSE:BXMT traded down $0.20 during mid-day trading on Tuesday, reaching $22.06. 21,513 shares of the company’s stock were exchanged, compared to its average volume of 1,641,290. Blackstone Mortgage Trust has a one year low of $21.49 and a one year high of $32.90. The business’s fifty day simple moving average is $24.01 and its two-hundred day simple moving average is $26.93. The firm has a market capitalization of $3.77 billion, a PE ratio of 9.01 and a beta of 1.25.
Blackstone Mortgage Trust (NYSE:BXMT – Get Rating) last announced its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.71 EPS for the quarter, topping the consensus estimate of $0.67 by $0.04. Blackstone Mortgage Trust had a net margin of 39.99% and a return on equity of 9.33%. During the same quarter in the previous year, the firm earned $0.57 EPS. As a group, equities research analysts forecast that Blackstone Mortgage Trust will post 2.52 EPS for the current year.
Blackstone Mortgage Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be issued a $0.62 dividend. The ex-dividend date is Thursday, December 29th. This represents a $2.48 annualized dividend and a yield of 11.24%. Blackstone Mortgage Trust’s dividend payout ratio is presently 100.40%.
Analyst Ratings Changes
BXMT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Blackstone Mortgage Trust from $30.00 to $27.50 and set a “neutral” rating on the stock in a research note on Monday, October 24th. StockNews.com started coverage on shares of Blackstone Mortgage Trust in a research note on Wednesday, October 12th. They set a “hold” rating for the company. BTIG Research decreased their price target on shares of Blackstone Mortgage Trust from $32.00 to $28.00 in a research note on Wednesday, October 26th. Keefe, Bruyette & Woods downgraded shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating and set a $26.00 price objective for the company. in a research report on Thursday, December 15th. Finally, Credit Suisse Group decreased their target price on Blackstone Mortgage Trust to $27.00 in a research report on Thursday, October 13th.
Insider Activity
In related news, CEO Katharine A. Keenan sold 2,299 shares of the stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $23.53, for a total transaction of $54,095.47. Following the completion of the transaction, the chief executive officer now directly owns 168,420 shares of the company’s stock, valued at $3,962,922.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Katharine A. Keenan sold 1,159 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $23.61, for a total transaction of $27,363.99. Following the completion of the transaction, the chief executive officer now owns 170,719 shares in the company, valued at $4,030,675.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Katharine A. Keenan sold 2,299 shares of the company’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $23.53, for a total value of $54,095.47. Following the completion of the sale, the chief executive officer now owns 168,420 shares in the company, valued at approximately $3,962,922.60. The disclosure for this sale can be found here. Insiders sold 5,747 shares of company stock worth $136,280 in the last quarter. Corporate insiders own 1.06% of the company’s stock.
Institutional Trading of Blackstone Mortgage Trust
Several large investors have recently modified their holdings of BXMT. Border to Coast Pensions Partnership Ltd acquired a new position in Blackstone Mortgage Trust in the first quarter valued at about $31,008,000. LDR Capital Management LLC boosted its position in shares of Blackstone Mortgage Trust by 81.8% during the 2nd quarter. LDR Capital Management LLC now owns 1,638,439 shares of the real estate investment trust’s stock worth $45,336,000 after acquiring an additional 737,414 shares in the last quarter. Clough Capital Partners L P increased its stake in Blackstone Mortgage Trust by 162.8% in the third quarter. Clough Capital Partners L P now owns 820,024 shares of the real estate investment trust’s stock valued at $19,139,000 after acquiring an additional 508,024 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Blackstone Mortgage Trust by 87.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 723,341 shares of the real estate investment trust’s stock valued at $22,995,000 after purchasing an additional 336,653 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Blackstone Mortgage Trust by 2.2% during the first quarter. Vanguard Group Inc. now owns 15,060,492 shares of the real estate investment trust’s stock worth $478,773,000 after purchasing an additional 327,988 shares during the last quarter. 55.28% 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 commercial 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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