In yesterday’s Wall Street session, Blackstone Mortgage Trust Inc (NYSE:BXMT) shares traded at $23.11, up 3.03% from the previous session.
BXMT stock price is now 8.12% away from the 50-day moving average and 13.30% away from the 200-day moving average. The market capitalization of the company currently stands at $3.98B.
With the price target of $23.50, UBS recently initiated with Neutral rating for Blackstone Mortgage Trust Inc (NYSE: BXMT).
In other news, Keenan Katharine A, CEO & President sold 2,274 shares of the company’s stock on Dec 11. The stock was sold for $48,267 at an average price of $21.23. Upon completion of the transaction, the CEO & President now directly owns 144,572 shares in the company, valued at $3.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11, Chief Financial Officer Marone Anthony F. JR sold 485 shares of the business’s stock. A total of $10,295 was realized by selling the stock at an average price of $21.23. This leaves the insider owning 49,103 shares of the company worth $1.13 million. Insiders disposed of 23,468 shares of company stock worth roughly $0.54 million over the past 1 year. A total of 5.44% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Mortgage Trust Inc has had a low of $16.60 and a high of $24.80. The fifty day moving average price for BXMT is $21.38 and a two-hundred day moving average price translates $20.40 for the stock.
The latest earnings results from Blackstone Mortgage Trust Inc (NYSE: BXMT) was released for Sep, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.78, beating analysts’ expectations of $0.69 by 0.09. This compares to $0.59 EPS in the same period last year. The net profit margin was 10.24% and return on equity was 4.41% for BXMT. The company reported revenue of $519.34 million for the quarter, compared to $358.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.84 percent. For the current quarter, analysts expect BXMT to generate $155.5M in revenue.
Blackstone Mortgage Trust Inc(BXMT) Company Profile
Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013. Blackstone Mortgage Trust, Inc. was incorporated in 1998 and is headquartered in New York, New York.
