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Anthony F. Marone Jr., the Chief Financial Officer of Blackstone Mortgage Trust, Inc. (NYSE:BXMT), recently sold 506 shares of the company’s Class A common stock. The transaction, which took place on March 17, 2025, was executed at a weighted average price of $20.6461 per share, resulting in a total sale value of $10,446. The sale comes as BXMT trades near its 52-week high of $21.09, with the stock showing strong momentum, up nearly 20% year-to-date. According to InvestingPro analysis, the company currently appears fairly valued.
This sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on March 12, 2024. The plan was designed to address certain tax withholding obligations related to the vesting of previously granted restricted stock awards. Following this transaction, Marone holds 66,107 shares of Blackstone Mortgage Trust directly. The $3.64 billion market cap company currently offers an attractive 9.02% dividend yield, with InvestingPro data showing 10+ additional key insights available for subscribers.
The shares were sold within a price range of $20.6451 to $20.65, and Marone has agreed to provide further details regarding the number of shares sold at each price if requested by the Securities and Exchange Commission, the issuer, or a security holder of the issuer. With a beta of 1.57, investors should note the stock’s higher volatility compared to the broader market.
In other recent news, Blackstone Mortgage Trust, Inc. has declared a dividend of $0.47 per share for the first quarter of 2025, to be distributed on April 15, 2025, to shareholders on record as of March 31, 2025. This announcement underscores the company’s commitment to providing risk-adjusted returns to its shareholders through dividends generated from current income. In a separate development, Keefe, Bruyette & Woods has adjusted its price target for Blackstone Mortgage Trust, raising it from $18.50 to $19.50 while maintaining a Market Perform rating. The firm’s decision reflects an analysis of the company’s fourth-quarter performance and expectations for earnings growth relative to dividends in the latter half of 2025.
Additionally, Blackstone Mortgage Trust has appointed Marcin Urbaszek as Deputy Chief Financial Officer and Principal Accounting Officer, effective January 2, 2025. Urbaszek brings over 20 years of finance experience, including his previous role as Vice President and CFO at Granite Point Mortgage Trust Inc (NYSE:GPMT). The company also announced the resignation of Thomas E. Dobrowski from its Board of Directors, effective January 15, 2025, and subsequently reduced the board size from nine to eight members. These changes in leadership and board composition are part of the company’s ongoing strategic adjustments.
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