Blackstone Mortgage Trust (NYSE:BXMT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.28 and traded as low as $18.09. Blackstone Mortgage Trust shares last traded at $18.2520, with a volume of 1,184,115 shares trading hands.

Wall Street Analyst Weigh In

BXMT has been the topic of several analyst reports. BTIG Research reiterated a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a research note on Tuesday, February 10th. JPMorgan Chase & Co. cut their target price on Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 30th. Keefe, Bruyette & Woods boosted their price target on Blackstone Mortgage Trust from $21.00 to $21.50 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Zacks Research lowered Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blackstone Mortgage Trust in a research note on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.13.

View Our Latest Analysis on BXMT

Blackstone Mortgage Trust Stock Up 1.0%

The firm has a market cap of $3.03 billion, a PE ratio of 29.47 and a beta of 0.92. The stock has a 50 day moving average price of $19.08 and a two-hundred day moving average price of $19.27.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.5%. Blackstone Mortgage Trust’s payout ratio is 308.20%.

Insider Activity at Blackstone Mortgage Trust

In related news, President Fernando Austin Pena sold 1,666 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $18.88, for a total transaction of $31,454.08. Following the completion of the sale, the president owned 76,967 shares of the company’s stock, valued at $1,453,136.96. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in Blackstone Mortgage Trust by 45.5% in the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 536 shares during the period. ORG Partners LLC acquired a new position in Blackstone Mortgage Trust in the fourth quarter valued at approximately $41,000. Ascentis Independent Advisors acquired a new position in Blackstone Mortgage Trust in the first quarter valued at approximately $41,000. UMB Bank n.a. lifted its holdings in Blackstone Mortgage Trust by 151.1% in the fourth quarter. UMB Bank n.a. now owns 2,172 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,307 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Blackstone Mortgage Trust in the third quarter valued at approximately $46,000. 64.15% of the stock is owned by institutional investors and hedge funds.

About Blackstone Mortgage Trust

(Get Free Report)

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.

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