Kestra Private Wealth Services LLC Makes New Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Kestra Private Wealth Services LLC purchased a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMTFree Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 9,515 shares of the real estate investment trust’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at $207,000. Ibex Wealth Advisors acquired a new position in Blackstone Mortgage Trust in the 3rd quarter valued at $4,716,000. Barclays PLC increased its stake in Blackstone Mortgage Trust by 157.7% in the 3rd quarter. Barclays PLC now owns 185,064 shares of the real estate investment trust’s stock valued at $4,025,000 after buying an additional 113,249 shares during the period. Jump Financial LLC increased its stake in Blackstone Mortgage Trust by 124.8% in the 3rd quarter. Jump Financial LLC now owns 78,673 shares of the real estate investment trust’s stock valued at $1,711,000 after buying an additional 43,673 shares during the period. Finally, Arizona State Retirement System increased its stake in Blackstone Mortgage Trust by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 46,602 shares of the real estate investment trust’s stock valued at $1,014,000 after buying an additional 630 shares during the period. Hedge funds and other institutional investors own 52.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group started coverage on shares of Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They issued a “neutral” rating and a $23.50 price objective on the stock. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $21.70.

Check Out Our Latest Stock Report on Blackstone Mortgage Trust

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $21.23, for a total transaction of $48,277.02. Following the transaction, the chief executive officer now directly owns 144,572 shares of the company’s stock, valued at approximately $3,069,263.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Katharine A. Keenan sold 2,279 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.14, for a total value of $50,457.06. Following the sale, the chief executive officer now directly owns 148,005 shares of the company’s stock, valued at approximately $3,276,830.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 2,274 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $21.23, for a total transaction of $48,277.02. Following the completion of the sale, the chief executive officer now directly owns 144,572 shares in the company, valued at $3,069,263.56. The disclosure for this sale can be found here. Insiders have sold a total of 7,104 shares of company stock valued at $155,387 in the last ninety days. 1.02% of the stock is currently owned by company insiders.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $18.76 on Friday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.60 and a 1 year high of $23.82. The stock has a market capitalization of $3.23 billion, a P/E ratio of 16.46 and a beta of 1.43. The company’s fifty day moving average is $21.18 and its two-hundred day moving average is $21.58.

Blackstone Mortgage Trust Announces Dividend

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

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

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