SG Americas Securities LLC Lowers Position in Blackstone Mortgage Trust, Inc. $BXMT

SG Americas Securities LLC decreased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 45.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 117,963 shares of the real estate investment trust’s stock after selling 96,663 shares during the period. SG Americas Securities LLC’s holdings in Blackstone Mortgage Trust were worth $2,259,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in shares of Blackstone Mortgage Trust by 45.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 536 shares during the period. ORG Partners LLC purchased a new position in Blackstone Mortgage Trust during the fourth quarter valued at approximately $41,000. UMB Bank n.a. raised its stake in Blackstone Mortgage Trust by 151.1% in the fourth quarter. UMB Bank n.a. now owns 2,172 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,307 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Blackstone Mortgage Trust during the third quarter worth $46,000. Finally, Farther Finance Advisors LLC boosted its position in 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 valued at $50,000 after acquiring an additional 1,902 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT opened at $16.98 on Thursday. The business’s 50-day moving average is $18.41 and its 200 day moving average is $19.05. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.88 and a 1 year high of $20.67. The firm has a market capitalization of $2.86 billion, a P/E ratio of 27.83 and a beta of 0.90.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.47 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 11.1%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 308.20%.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, President Fernando Austin Pena sold 1,670 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $17.07, for a total transaction of $28,506.90. Following the completion of the sale, the president owned 72,899 shares of the company’s stock, valued at approximately $1,244,385.93. The trade was a 2.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 5,420 shares of company stock worth $95,233. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BXMT. Keefe, Bruyette & Woods cut their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. Weiss Ratings downgraded Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. JPMorgan Chase & Co. reduced their target price on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Zacks Research lowered shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, UBS Group started coverage on shares of Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 price target on the stock. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Blackstone Mortgage Trust presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Blackstone Mortgage Trust 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.