GuruFocus - On August 5, 2024, Katharine Keenan, CEO & President of Blackstone (NYSE:BX) Mortgage Trust Inc (NYSE:BXMT), purchased 16,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 198,960 shares of Blackstone Mortgage Trust Inc.
Blackstone Mortgage Trust Inc is primarily involved in originating and managing commercial mortgage loans and related investments. The company operates within the real estate sector, providing financing solutions secured by commercial properties in North America and Europe.
The transaction occurred with the stock priced at $17.16 per share, giving the company a market cap of approximately $2.98 billion. According to GF Value, the intrinsic value of the stock is estimated at $21.03, indicating that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.82.
The insider transaction history at Blackstone Mortgage Trust Inc shows a pattern of more sales than purchases among insiders over the past year, with 22 insider sells and only 2 insider buys. This recent purchase by Katharine Keenan could signal a positive outlook from the insider despite the broader selling trend.
Valuation metrics such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow are used in determining the GF Value. These historical multiples, combined with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts, contribute to the intrinsic value calculation.
This insider buy could be a noteworthy event for investors, indicating potential confidence in the company's future prospects by a top executive.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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