Arizona State Retirement System Acquires 5,393 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Arizona State Retirement System lifted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Rating) by 14.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,983 shares of the real estate investment trust’s stock after acquiring an additional 5,393 shares during the period. Arizona State Retirement System’s holdings in Blackstone Mortgage Trust were worth $1,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth about $25,000. Nauset Wealth Management. LLC bought a new stake in Blackstone Mortgage Trust in the 1st quarter worth about $31,000. MBM Wealth Consultants LLC bought a new stake in Blackstone Mortgage Trust in the 4th quarter worth about $52,000. Covestor Ltd bought a new stake in Blackstone Mortgage Trust in the 4th quarter worth about $60,000. Finally, Western Pacific Wealth Management LP bought a new stake in Blackstone Mortgage Trust in the 4th quarter worth about $67,000. 55.13% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Katharine A. Keenan sold 1,154 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $31.13, for a total transaction of $35,924.02. Following the sale, the chief executive officer now directly owns 129,852 shares in the company, valued at approximately $4,042,292.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Katharine A. Keenan sold 1,154 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $31.13, for a total transaction of $35,924.02. Following the sale, the chief executive officer now directly owns 129,852 shares in the company, valued at approximately $4,042,292.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Lee Pollack purchased 13,500 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average price of $26.16 per share, for a total transaction of $353,160.00. Following the completion of the purchase, the director now directly owns 114,683 shares in the company, valued at approximately $3,000,107.28. The disclosure for this purchase can be found here. Insiders sold 11,162 shares of company stock valued at $340,338 in the last three months. Company insiders own 1.06% of the company’s stock.

Blackstone Mortgage Trust Stock Up 0.1 %

Blackstone Mortgage Trust stock opened at $30.99 on Tuesday. Blackstone Mortgage Trust, Inc. has a twelve month low of $25.99 and a twelve month high of $34.04. The firm has a 50 day moving average price of $29.17 and a 200-day moving average price of $30.51. The company has a market capitalization of $5.28 billion, a P/E ratio of 12.70 and a beta of 1.23.

Blackstone Mortgage Trust (NYSE:BXMTGet Rating) last released its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.04. Blackstone Mortgage Trust had a net margin of 44.90% and a return on equity of 8.92%. During the same quarter in the prior year, the company posted $0.55 earnings per share. Equities analysts expect that Blackstone Mortgage Trust, Inc. will post 2.42 EPS for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date was Wednesday, June 29th. Blackstone Mortgage Trust’s dividend payout ratio is currently 101.64%.

Wall Street Analyst Weigh In

Separately, Credit Suisse Group reduced their price objective on shares of Blackstone Mortgage Trust to $30.00 in a research report on Friday, July 22nd.

Blackstone Mortgage Trust Profile

(Get Rating)

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

See Also

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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