Jonathan Lee Pollack Purchases 13,500 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock

Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Rating) Director Jonathan Lee Pollack bought 13,500 shares of Blackstone Mortgage Trust stock in a transaction on Thursday, June 16th. The shares were acquired at an average cost of $26.16 per share, with a total value of $353,160.00. Following the completion of the acquisition, the director now owns 114,683 shares of the company’s stock, valued at approximately $3,000,107.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of BXMT traded up $0.40 during mid-day trading on Tuesday, reaching $27.69. The stock had a trading volume of 1,587,104 shares, compared to its average volume of 1,493,260. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 9.78 and a beta of 1.23. Blackstone Mortgage Trust, Inc. has a 12 month low of $25.99 and a 12 month high of $34.04. The business has a fifty day moving average of $30.37 and a 200 day moving average of $30.98.

Blackstone Mortgage Trust (NYSE:BXMTGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The firm had revenue of $133.72 million during the quarter, compared to the consensus estimate of $133.75 million. Blackstone Mortgage Trust had a return on equity of 8.75% and a net margin of 54.55%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. As a group, equities analysts anticipate that Blackstone Mortgage Trust, Inc. will post 2.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.96%. Blackstone Mortgage Trust’s dividend payout ratio is 88.89%.

Several large investors have recently modified their holdings of BXMT. DekaBank Deutsche Girozentrale bought a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth $25,000. Nauset Wealth Management. LLC bought a new position in Blackstone Mortgage Trust during the first quarter valued at $31,000. Dark Forest Capital Management LP bought a new position in Blackstone Mortgage Trust during the third quarter valued at $33,000. McIlrath & Eck LLC bought a new position in Blackstone Mortgage Trust during the first quarter valued at $35,000. Finally, MBM Wealth Consultants LLC bought a new position in Blackstone Mortgage Trust during the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 55.13% of the company’s stock.

Separately, StockNews.com initiated coverage on shares of Blackstone Mortgage Trust in a report on Thursday, March 31st. They set a “hold” rating for the company.

Blackstone Mortgage Trust Company Profile (Get Rating)

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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