Raymond James & Associates Lowers Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Raymond James & Associates cut its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Rating) by 3.4% during the third quarter, Holdings Channel.com reports. The fund owned 102,206 shares of the real estate investment trust’s stock after selling 3,579 shares during the period. Raymond James & Associates’ holdings in Blackstone Mortgage Trust were worth $2,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BXMT. GPS Wealth Strategies Group LLC increased its holdings in shares of Blackstone Mortgage Trust by 140.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,861 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,086 shares during the last quarter. New Millennium Group LLC bought a new stake in shares of Blackstone Mortgage Trust in the second quarter worth about $55,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Blackstone Mortgage Trust in the third quarter worth about $61,000. MBM Wealth Consultants LLC increased its holdings in shares of Blackstone Mortgage Trust by 36.0% in the third quarter. MBM Wealth Consultants LLC now owns 3,314 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 877 shares during the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Blackstone Mortgage Trust in the second quarter worth about $107,000. 54.01% of the stock is owned by institutional investors.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT opened at $23.50 on Monday. Blackstone Mortgage Trust, Inc. has a 1 year low of $20.87 and a 1 year high of $32.90. The business has a 50 day simple moving average of $23.29 and a two-hundred day simple moving average of $25.88. The firm has a market capitalization of $4.02 billion, a PE ratio of 9.51 and a beta of 1.27.

Blackstone Mortgage Trust (NYSE:BXMTGet Rating) last announced its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Blackstone Mortgage Trust had a return on equity of 9.33% and a net margin of 39.99%. During the same quarter last year, the firm earned $0.57 earnings per share. Equities research analysts expect that Blackstone Mortgage Trust, Inc. will post 2.52 EPS for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a $0.62 dividend. The ex-dividend date was Thursday, December 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 10.55%. Blackstone Mortgage Trust’s payout ratio is 100.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TheStreet cut Blackstone Mortgage Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, December 6th. StockNews.com assumed coverage on Blackstone Mortgage Trust in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods cut Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating and set a $26.00 price objective on the stock. in a research note on Thursday, December 15th. JPMorgan Chase & Co. reduced their price objective on Blackstone Mortgage Trust from $30.00 to $27.50 and set a “neutral” rating on the stock in a research note on Monday, October 24th. Finally, BTIG Research reduced their price objective on Blackstone Mortgage Trust from $32.00 to $28.00 in a research note on Wednesday, October 26th.

Insider Activity at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,299 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $23.53, for a total value of $54,095.47. Following the completion of the sale, the chief executive officer now owns 168,420 shares in the company, valued at $3,962,922.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,299 shares of the company’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $23.53, for a total transaction of $54,095.47. Following the completion of the sale, the chief executive officer now owns 168,420 shares in the company, valued at $3,962,922.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 1,159 shares of the company’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $23.61, for a total value of $27,363.99. Following the sale, the chief executive officer now owns 170,719 shares of the company’s stock, valued at approximately $4,030,675.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,753 shares of company stock worth $112,544. Company insiders own 1.06% of the company’s stock.

About Blackstone Mortgage Trust

(Get Rating)

Blackstone Mortgage Trust, Inc is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio.

Further Reading

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

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