In yesterday’s Wall Street session, Blackstone Mortgage Trust Inc (NYSE:BXMT) shares traded at $17.65, down -3.29% from the previous session.
BXMT stock price is now -9.55% away from the 50-day moving average and -16.31% away from the 200-day moving average. The market capitalization of the company currently stands at $3.07B.
With the price target reduced from $22 to $21, BofA Securities Downgraded its rating from Buy to Neutral for Blackstone Mortgage Trust Inc (NYSE: BXMT). On December 06, 2023, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $23.50, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Keenan Katharine A, CEO & President sold 2,275 shares of the company’s stock on Mar 11 ’24. The stock was sold for $46,066 at an average price of $20.25. Upon completion of the transaction, the CEO & President now directly owns 192,023 shares in the company, valued at $3.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, Chief Financial Officer Marone Anthony F. JR sold 485 shares of the business’s stock. A total of $9,822 was realized by selling the stock at an average price of $20.25. This leaves the insider owning 60,112 shares of the company worth $1.06 million. A total of 5.87% of the company’s stock is owned by insiders.
During the past 12 months, Blackstone Mortgage Trust Inc has had a low of $16.83 and a high of $23.82.
The net profit margin was 0.25% and return on equity was 0.11% for BXMT. The company reported revenue of $486.12 million for the quarter, compared to $491.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.07 percent.
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 originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets. 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.
