Cetera Advisors LLC Sells 6,787 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Cetera Advisors LLC lessened its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,852 shares of the real estate investment trust’s stock after selling 6,787 shares during the period. Cetera Advisors LLC owned 0.06% of Blackstone Mortgage Trust worth $2,328,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BXMT. Vanguard Group Inc. raised its position in shares of Blackstone Mortgage Trust by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 15,544,123 shares of the real estate investment trust’s stock valued at $362,800,000 after acquiring an additional 162,232 shares during the last quarter. State Street Corp raised its position in shares of Blackstone Mortgage Trust by 7.5% during the 1st quarter. State Street Corp now owns 3,774,428 shares of the real estate investment trust’s stock valued at $69,695,000 after acquiring an additional 261,910 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Blackstone Mortgage Trust by 17.2% during the 1st quarter. Geode Capital Management LLC now owns 3,723,675 shares of the real estate investment trust’s stock valued at $66,468,000 after acquiring an additional 545,134 shares during the last quarter. Bank of America Corp DE raised its position in shares of Blackstone Mortgage Trust by 25.0% during the 1st quarter. Bank of America Corp DE now owns 3,277,188 shares of the real estate investment trust’s stock valued at $58,498,000 after acquiring an additional 656,329 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Blackstone Mortgage Trust by 3.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,370,569 shares of the real estate investment trust’s stock valued at $49,332,000 after acquiring an additional 89,986 shares during the last quarter. Institutional investors own 52.89% of the company’s stock.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $21.98, for a total value of $49,982.52. Following the completion of the transaction, the chief executive officer now directly owns 153,719 shares of the company’s stock, valued at approximately $3,378,743.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $21.98, for a total value of $49,982.52. Following the completion of the transaction, the chief executive officer now directly owns 153,719 shares of the company’s stock, valued at approximately $3,378,743.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $23.20, for a total transaction of $52,780.00. Following the completion of the transaction, the chief executive officer now directly owns 150,284 shares of the company’s stock, valued at $3,486,588.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,101 shares of company stock valued at $160,704. Company insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Stock Up 1.3 %

Shares of BXMT stock opened at $22.19 on Friday. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 19.46 and a beta of 1.40. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.60 and a 12-month high of $25.73. The firm has a fifty day moving average of $21.53 and a 200-day moving average of $20.86.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 11.18%. The ex-dividend date was Thursday, September 28th. Blackstone Mortgage Trust’s payout ratio is presently 217.54%.

Wall Street Analyst Weigh In

Several analysts have commented on BXMT shares. Citigroup upped their target price on shares of Blackstone Mortgage Trust from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, July 27th. JPMorgan Chase & Co. boosted their price target on shares of Blackstone Mortgage Trust from $18.50 to $21.00 in a report on Monday, July 24th. Finally, StockNews.com initiated coverage on shares of Blackstone Mortgage Trust in a report on Thursday, October 5th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Blackstone Mortgage Trust currently has an average rating of “Hold” and a consensus target price of $21.25.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes.