Private Trust Co. NA makes new investment in Blackstone Mortgage Trust, Inc. (NYSE: BXMT)
Private Trust Co. NA bought a new stock position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,493 shares of the real estate investment trust, valued at approximately $206,000.
Other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new equity stake in Blackstone Mortgage Trust during Q4 for $25,000. Dark Forest Capital Management LP bought a new stake in shares of Blackstone Mortgage Trust during Q3 for $33,000. MBM Wealth Consultants LLC purchased a new stake in shares of Blackstone Mortgage Trust during Q4 for $52,000. Covestor Ltd acquired a new position in shares of Blackstone Mortgage Trust in Q4 worth $60,000. Finally, Western Pacific Wealth Management LP acquired a new stock position in Blackstone Mortgage Trust in Q4 worth $67,000. Institutional investors hold 55.13% of the company’s shares.
Separately, StockNews.com assumed coverage of Blackstone Mortgage Trust in a Thursday, March 31 research report. They issued a “holding” rating on the stock.
In other Blackstone Mortgage Trust news, Director Leonard W. Cotton purchased 5,000 shares of the company in a trade dated Tuesday, June 21. The shares were purchased at an average cost of $27.78 per share, for a total transaction of $138,900.00. Following the transaction, the administrator now directly owns 47,955 shares of the company, valued at $1,332,189.90. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, director Jonathan Lee Pollack purchased 13,500 shares of the company in a trade dated Thursday, June 16. The shares were acquired at an average price of $26.16 per share, for a total transaction of $353,160.00. Following completion of the transaction, the administrator now directly owns 114,683 shares of the company, valued at $3,000,107.28. Disclosure of this purchase can be found here. Insiders sold a total of 11,141 shares of the company worth $344,254 in the past 90 days. Insiders own 1.06% of the shares of the company.
BXMT shares opened at $29.03 on Friday. The company’s 50-day moving average is $30.08 and its two-hundred-day moving average is $30.91. The company has a market capitalization of $4.94 billion, a P/E ratio of 10.41 and a beta of 1.23. Blackstone Mortgage Trust, Inc. has a fifty-two week minimum of $25.99 and a fifty-two week maximum of $34.04.
Blackstone Mortgage Trust (NYSE:BXMT – Get Rating) last reported quarterly results on Wednesday, April 27. The real estate investment trust reported earnings per share of $0.62 for the quarter, missing the consensus estimate of $0.64 per ($0.02). The company posted revenue of $133.72 million for the quarter, versus analyst estimates of $133.75 million. 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% year on year. In the same period a year earlier, the company posted earnings of $0.53 per share. As a group, analysts predict Blackstone Mortgage Trust, Inc. will 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 per share. This represents an annualized dividend of $2.48 and a yield of 8.54%. The ex-dividend date is Wednesday, June 29. Blackstone Mortgage Trust’s dividend payout ratio is currently 88.89%.
Blackstone Mortgage Trust Company Profile (Get an evaluation)
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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