Blackstone Mortgage Trust, Inc. $BXMT Shares Purchased by State of Wyoming

State of Wyoming increased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 122.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,641 shares of the real estate investment trust’s stock after buying an additional 27,294 shares during the period. State of Wyoming’s holdings in Blackstone Mortgage Trust were worth $956,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust during the second quarter worth about $1,080,000. Baker Avenue Asset Management LP purchased a new position in Blackstone Mortgage Trust in the second quarter worth approximately $1,588,000. Strs Ohio purchased a new position in Blackstone Mortgage Trust in the first quarter worth approximately $650,000. Partners Capital Investment Group LLP grew its holdings in Blackstone Mortgage Trust by 105.1% during the 1st quarter. Partners Capital Investment Group LLP now owns 82,637 shares of the real estate investment trust’s stock worth $1,653,000 after acquiring an additional 42,355 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Blackstone Mortgage Trust by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,598,933 shares of the real estate investment trust’s stock valued at $51,979,000 after purchasing an additional 63,953 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BXMT shares. Keefe, Bruyette & Woods raised shares of Blackstone Mortgage Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $20.00 to $21.00 in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. upped their price objective on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and an average price target of $20.33.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT opened at $20.46 on Friday. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The firm has a market capitalization of $3.43 billion, a P/E ratio of 32.99 and a beta of 1.08. The company’s fifty day moving average price is $18.75 and its 200 day moving average price is $19.09.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. Blackstone Mortgage Trust had a return on equity of 4.06% and a net margin of 7.53%.The company had revenue of $132.71 million for the quarter, compared to analyst estimates of $103.56 million. On average, sell-side analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.88 annualized dividend and a yield of 9.2%. Blackstone Mortgage Trust’s payout ratio is 303.23%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 4,593 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $19.49, for a total transaction of $89,517.57. Following the transaction, the chief executive officer directly owned 230,006 shares in the company, valued at approximately $4,482,816.94. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 6,503 shares of company stock valued at $126,682 over the last three months. 1.02% of the stock is currently owned by corporate insiders.

Blackstone Mortgage Trust Company 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 originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.