Blackstone Mortgage Trust, Inc. (NYSE:BXMT) short interest grows by 5.4%.

There was a discernible rise in the number of short positions in Blackstone Mortgage Trust, Inc. (NYSE: BXMT) during December. The number of shares borrowed to cover short positions increased by 5.4% between November 30 and December 15, going from 8,160,000 to 8,600,000, respectively. Based on an average daily volume of trading of 2,160,000 shares, the short-interest ratio for the company currently stands at 4.0 days. Examining the volume of trades is what leads to this conclusion.
On October 26, the most recent quarterly earnings report for Blackstone Mortgage Trust (NYSE: BXMT) was made public. The real estate investment trust (REIT) announced quarterly profits per share of $0.71, which was $0.04 more than the estimate compiled by market experts as a consensus. The return on equity for Blackstone Mortgage Trust was 9.33 percent, and the company’s net margin was 39.99 percent. The company reported a profit of $0.57 per share for the same period the year before, which was the same as the current year. In 2018, Blackstone Mortgage Trust was anticipated to generate $2.52 per share, according to projections provided by stock market specialists.
In addition, the corporation has just announced a new quarterly dividend, which will be distributed on Friday, the 13th of this month. It has been decided that the dividend payment per share will be $0.62, distributed on December 30 to shareholders on record at that time. The dividend will be withheld from shareholder accounts on Thursday, December 29. Consequently, the dividend yield is calculated to be 11.56%, and the annual dividend is calculated to be $2.48. The dividend payout ratio for Blackstone Mortgage Trust is currently sitting at 100.40% at this point.
When trading started on Wednesday, a share of BXMT stock was going for $21.46 per share. The company’s price-to-earnings ratio is 8.69, and its beta value is 1.27. The company’s total value, as represented by its market capitalization, is $3.67 billion. The price of Blackstone Mortgage Trust hit an all-time low of $20.87 during its 52-week run, while it reached an all-time high of $32.90 during its run. The current moving average for the company over the past 50 days is $23.78; the moving average over the last 200 days is $26.38.
Several equity analysts have shared their opinions and thoughts on the company. On Wednesday, October 26, BTIG Research published a note stating that they had lowered their price target for Blackstone Mortgage Trust from $32.00 to $28.00. A graph accompanied the note. JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $30.00 to $27.50 in a research report published on Monday, October 24. The company also rated the stock as “neutral,” which indicates that they do not have a strong opinion either way. On October 12, StockNews.com published a research note on the company Blackstone Mortgage Trust, marking the beginning of the website’s company coverage. They advised their clients to “hold” the stock moving forward. The Street downgraded Blackstone Mortgage Trust from a rating of “b-” to a “c+” in a research report made available for public consumption on Tuesday, December 6. Credit Suisse Group stated that they would be decreasing their price target for Blackstone Mortgage Trust to $27.00 in a research note published on Thursday, October 13.
On December 9, Chief Executive Officer Katharine A. Keenan made a transaction in which she sold 2,299 shares of the company’s stock. This development is relevant to this topic. The total value of the stock sold was $54,095.47, and the price received for each share, which was the average selling price, was $23.53. After the transaction’s completion, the company’s CEO now directly owns 168,420 shares of the company’s stock. Based on the current stock price, these shares are estimated to be worth approximately $3,962,922.60. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. On Tuesday, December 6, Chief Executive Officer Katharine A. Keenan made a transaction in which she sold 1,159 shares of the company’s stock. This is another development on this topic. It was determined that the average selling price for the stock was $23.61 per share, and the total amount of shares sold was $27,363.99. After the completion of the transaction, the chief executive officer now directly owns 170,719 shares of the company’s stock. Based on the current market price, each share is approximately worth 4,030,675.59 dollars. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. In addition, Katharine A. Keenan, Chief Executive Officer of the company, sold 2,299 shares on Friday, December 9. The total amount obtained from the sale of the shares was $54,095.47, and the price that prospective purchasers were willing to pay for them on average was $23.53. As a result of the successful transaction completion, the chief executive officer now directly owns 168,420 shares of the company. The current market value of these shares is $3,962,922.60. Disclosures that are related to the sale might be found in this section of the website. Insiders have sold 4,753 company stock over the past three months, bringing in $112,544 in proceeds from the transaction. Individuals employed by the company hold a total of 1.06% of the company’s shares.

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