Barclays PLC Grows Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Barclays PLC grew its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMTFree Report) by 157.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,064 shares of the real estate investment trust’s stock after acquiring an additional 113,249 shares during the quarter. Barclays PLC’s holdings in Blackstone Mortgage Trust were worth $4,025,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its stake in shares of Blackstone Mortgage Trust by 14.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 60,571 shares of the real estate investment trust’s stock worth $1,926,000 after purchasing an additional 7,506 shares during the last quarter. US Bancorp DE raised its stake in shares of Blackstone Mortgage Trust by 11.8% in the first quarter. US Bancorp DE now owns 18,508 shares of the real estate investment trust’s stock worth $588,000 after purchasing an additional 1,957 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Blackstone Mortgage Trust by 43.2% in the first quarter. Cetera Advisor Networks LLC now owns 12,607 shares of the real estate investment trust’s stock worth $401,000 after purchasing an additional 3,802 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Blackstone Mortgage Trust by 50.6% in the first quarter. MetLife Investment Management LLC now owns 82,945 shares of the real estate investment trust’s stock worth $2,637,000 after purchasing an additional 27,873 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new position in shares of Blackstone Mortgage Trust in the first quarter worth $200,000. 52.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 1,159 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $22.54, for a total value of $26,123.86. Following the completion of the sale, the chief executive officer now owns 146,846 shares in the company, valued at $3,309,908.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Katharine A. Keenan sold 2,279 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.14, for a total value of $50,457.06. Following the completion of the transaction, the chief executive officer now owns 148,005 shares of the company’s stock, valued at $3,276,830.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 1,159 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $22.54, for a total value of $26,123.86. Following the completion of the transaction, the chief executive officer now directly owns 146,846 shares of the company’s stock, valued at approximately $3,309,908.84. The disclosure for this sale can be found here. Insiders sold a total of 7,104 shares of company stock worth $155,387 over the last quarter. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, UBS Group initiated coverage on Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $23.50 price target for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and an average price target of $21.70.

Read Our Latest Research Report on Blackstone Mortgage Trust

Blackstone Mortgage Trust Stock Up 1.1 %

Shares of BXMT opened at $18.76 on Friday. The business has a 50-day simple moving average of $21.18 and a two-hundred day simple moving average of $21.58. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 16.46 and a beta of 1.43. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.60 and a 52 week high of $23.82.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 13.22%. The ex-dividend date of this dividend was Thursday, December 28th. Blackstone Mortgage Trust’s payout ratio is 217.54%.

Blackstone Mortgage Trust Profile

(Free Report)

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.

Further Reading

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

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