Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Director Michael B. Nash Acquires 50,000 Shares

Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) Director Michael B. Nash acquired 50,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was bought at an average price of $18.86 per share, for a total transaction of $943,000.00. Following the completion of the acquisition, the director now owns 468,455 shares of the company’s stock, valued at $8,835,061.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $18.67 on Wednesday. The company’s 50-day simple moving average is $22.32 and its 200 day simple moving average is $23.92. Blackstone Mortgage Trust, Inc. has a 52 week low of $17.99 and a 52 week high of $32.90. The company has a market capitalization of $3.22 billion, a PE ratio of 13.06 and a beta of 1.34.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $2.48 annualized dividend and a dividend yield of 13.28%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 173.43%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Citigroup decreased their price objective on shares of Blackstone Mortgage Trust from $28.00 to $24.00 and set a “neutral” rating on the stock in a report on Monday, February 13th. TheStreet downgraded shares of Blackstone Mortgage Trust from a “b-” rating to a “c+” rating in a report on Tuesday, December 6th. Finally, Keefe, Bruyette & Woods downgraded shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating and set a $26.00 price objective on the stock. in a report on Thursday, December 15th. Four analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $26.50.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Large investors have recently bought and sold shares of the company. HWG Holdings LP acquired a new stake in Blackstone Mortgage Trust during the third quarter worth about $26,000. EverSource Wealth Advisors LLC grew its stake in Blackstone Mortgage Trust by 4,842.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 1,598 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in Blackstone Mortgage Trust during the fourth quarter worth about $38,000. C M Bidwell & Associates Ltd. bought a new position in shares of Blackstone Mortgage Trust in the third quarter worth about $43,000. Finally, GPS Wealth Strategies Group LLC lifted 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 acquiring an additional 1,086 shares during the last quarter. 54.01% of the stock is currently owned by institutional investors and hedge funds.

About Blackstone Mortgage Trust

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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.