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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Sep. 21, 6:08 PM

Slide #3. Blackstone Mortgage Trust, Inc. Secondary Offering

Company: Blackstone Mortgage Trust, Inc. (NYSE:BXMT)
Date announced: 9/18/2014
Shares Offered: 8,000,000
Date of Pricing: 9/19/2014
Price Per Share: $27.85
Secondary Offering Details: Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced it has commenced an underwritten public offering of 8,000,000 shares of its class A common stock. The underwriters have been granted a 30-day option by the Company to purchase up to an additional 1,200,000 shares.- updated 9/19 - Blackstone Mortgage Trust, Inc. (NYSE: BXMT) (the "Company") today announced the pricing of an underwritten public offering of 8,000,000 shares of its class A common stock. The underwriters have been granted a 30-day option by the Company to purchase up to an additional 1,200,000 shares. The offering is expected to close on September 24, 2014 and is subject to customary closing conditions. Total estimated gross proceeds of the offering are $222.8 million, or approximately $256.2 million if the underwriters exercise their option to purchase additional shares in full.

Blackstone Mortgage Trust is real estate finance company that primarily originates and purchases senior mortgage loans collateralized by properties in the U.S. and Europe. Co. conducts its operations as a real estate investment trust. Co.'s business is organized into two operating segments: the Loan Origination and the CT Legacy Portfolio. The Loan Origination segment includes Co.'s activities associated with the origination and acquisition of mortgage loans, the capitalization of its loan portfolio, and the costs associated with operating its business generally. The CT Legacy Portfolio segment includes Co.'s activities related to investments that precede the re-launch of its business.
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Company Name:  Blackstone Mortgage Trust Inc
Website:  www.blackstonemortgagetrust.com
Sector:  REITs
Number of ETFs Holding BXMT:  9
Total Market Value Held by ETFs:  $13.51M
Total Market Capitalization:  $1.37B
% of Market Cap. Held by ETFs:  0.99%
 

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September 21, 2014    6:08 PM Eastern
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Strong Buy (3.62 out of 4)
79th percentile
(ranked higher than approx. 79% of all stocks covered)
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