Blackstone Mortgage Trust, Inc. $BXMT Stake Boosted by Condor Capital Management

Condor Capital Management boosted its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 40.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 293,843 shares of the real estate investment trust’s stock after purchasing an additional 85,004 shares during the quarter. Condor Capital Management’s holdings in Blackstone Mortgage Trust were worth $5,621,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bamco Inc. NY increased its position in shares of Blackstone Mortgage Trust by 1,498.1% in the second quarter. Bamco Inc. NY now owns 1,594,613 shares of the real estate investment trust’s stock worth $30,696,000 after acquiring an additional 1,494,830 shares in the last quarter. UBS Group AG boosted its stake in Blackstone Mortgage Trust by 24.4% in the 3rd quarter. UBS Group AG now owns 3,082,005 shares of the real estate investment trust’s stock worth $56,740,000 after purchasing an additional 603,588 shares during the period. Invesco Ltd. grew its position in Blackstone Mortgage Trust by 70.8% during the 3rd quarter. Invesco Ltd. now owns 1,077,590 shares of the real estate investment trust’s stock worth $19,838,000 after purchasing an additional 446,838 shares in the last quarter. SG Americas Securities LLC raised its stake in Blackstone Mortgage Trust by 2,836.1% during the 4th quarter. SG Americas Securities LLC now owns 214,626 shares of the real estate investment trust’s stock valued at $4,106,000 after purchasing an additional 207,316 shares during the period. Finally, Bright Futures Wealth Management LLC. purchased a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at $2,991,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Fernando Austin Pena sold 1,666 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $18.88, for a total transaction of $31,454.08. Following the transaction, the president owned 76,967 shares of the company’s stock, valued at approximately $1,453,136.96. This represents a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.18% of the company’s stock.

Blackstone Mortgage Trust Trading Down 0.0%

Shares of NYSE:BXMT opened at $17.98 on Friday. The stock has a market capitalization of $3.03 billion, a PE ratio of 29.47 and a beta of 0.92. Blackstone Mortgage Trust, Inc. has a 1 year low of $17.67 and a 1 year high of $20.67. The firm has a fifty day moving average price of $19.03 and a 200 day moving average price of $19.25.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.5%. The ex-dividend date was Tuesday, March 31st. Blackstone Mortgage Trust’s dividend payout ratio is 308.20%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BXMT shares. BTIG Research reiterated a “buy” rating and set a $23.00 price target on shares of Blackstone Mortgage Trust in a report on Tuesday, February 10th. Zacks Research downgraded Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Blackstone Mortgage Trust in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Blackstone Mortgage Trust from $21.00 to $21.50 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.13.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.