JMP Securities restated their hold rating on shares of Blackstone Mortgage Trust (NYSE:BXMT) in a research report sent to investors on Sunday.
A number of other analysts have also weighed in on the company. Deutsche Bank lowered Blackstone Mortgage Trust from a buy rating to a hold rating and lowered their target price for the company from $35.00 to $34.50 in a research note on Wednesday, February 13th. ValuEngine lowered Blackstone Mortgage Trust from a buy rating to a hold rating in a research note on Tuesday, February 12th. Finally, Zacks Investment Research lowered Blackstone Mortgage Trust from a buy rating to a hold rating in a research note on Tuesday, December 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $34.63.
Get Blackstone Mortgage Trust alerts:Shares of NYSE BXMT opened at $33.81 on Friday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 2.72 and a beta of 0.58. Blackstone Mortgage Trust has a 52-week low of $30.14 and a 52-week high of $35.70.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.07. The company had revenue of $102.15 million during the quarter, compared to analysts’ expectations of $95.88 million. Blackstone Mortgage Trust had a return on equity of 9.58% and a net margin of 51.44%. The business’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the business earned $0.65 earnings per share. On average, equities research analysts anticipate that Blackstone Mortgage Trust will post 2.52 EPS for the current year.
In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 3,211 shares of the firm’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $34.87, for a total transaction of $111,967.57. Following the transaction, the treasurer now owns 76,270 shares in the company, valued at $2,659,534.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Anthony F. Marone, Jr. sold 1,055 shares of the firm’s stock in a transaction dated Monday, December 10th. The stock was sold at an average price of $34.83, for a total value of $36,745.65. Following the transaction, the chief financial officer now owns 30,623 shares in the company, valued at approximately $1,066,599.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,865 shares of company stock worth $239,077. Company insiders own 0.96% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Riverview Trust Co bought a new stake in Blackstone Mortgage Trust in the 4th quarter valued at approximately $32,000. Advisory Services Network LLC lifted its stake in Blackstone Mortgage Trust by 72.0% in the 4th quarter. Advisory Services Network LLC now owns 1,175 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 492 shares in the last quarter. Winslow Evans & Crocker Inc. lifted its stake in Blackstone Mortgage Trust by 30.8% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 350 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Blackstone Mortgage Trust by 153.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Blackstone Mortgage Trust by 59.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 2,026 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 759 shares in the last quarter. Hedge funds and other institutional investors own 63.76% of the company’s stock.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. 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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