GFS Advisors LLC Sells 96,440 Shares of Blackstone Mortgage Trust, Inc. $BXMT

GFS Advisors LLC trimmed its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 18.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413,315 shares of the real estate investment trust’s stock after selling 96,440 shares during the period. GFS Advisors LLC owned about 0.25% of Blackstone Mortgage Trust worth $7,907,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in Blackstone Mortgage Trust by 45.5% during the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 536 shares in the last quarter. ORG Partners LLC bought a new position in Blackstone Mortgage Trust in the fourth quarter valued at approximately $41,000. Advisory Services Network LLC bought a new position in Blackstone Mortgage Trust in the third quarter valued at approximately $46,000. Farther Finance Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 259.8% during the 4th quarter. Farther Finance Advisors LLC now owns 2,634 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,902 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $73,000. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 2.2%

Shares of NYSE BXMT opened at $18.42 on Wednesday. The company has a market capitalization of $3.11 billion, a P/E ratio of 30.20 and a beta of 0.89. Blackstone Mortgage Trust, Inc. has a 12 month low of $17.67 and a 12 month high of $20.67. The stock has a 50 day moving average of $18.90 and a 200-day moving average of $19.25.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Tuesday, March 31st. Blackstone Mortgage Trust’s payout ratio is currently 308.20%.

Analysts Set New Price Targets

Several research firms have recently commented on BXMT. Zacks Research downgraded Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Keefe, Bruyette & Woods upped their price target 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. Weiss Ratings cut shares of Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. Finally, BTIG Research reissued a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a research report on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.38.

Insider Activity at Blackstone Mortgage Trust

In other news, President Fernando Austin Pena sold 1,666 shares of the stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $18.88, for a total value of $31,454.08. Following the transaction, the president directly owned 76,967 shares of the company’s stock, valued at $1,453,136.96. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is currently owned by corporate insiders.

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.