55,278 Shares of Blackstone Mortgage Trust, Inc. $BXMT Bought by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 55,278 shares of the real estate investment trust’s stock, valued at approximately $633,000.

A number of other large investors have also bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in Blackstone Mortgage Trust in the second quarter valued at approximately $18,109,000. Dupree Financial Group LLC boosted its holdings in shares of Blackstone Mortgage Trust by 85.1% in the third quarter. Dupree Financial Group LLC now owns 596,835 shares of the real estate investment trust’s stock valued at $6,834,000 after buying an additional 274,361 shares during the period. Independent Financial Group LLC acquired a new position in shares of Blackstone Mortgage Trust in the first quarter valued at approximately $4,845,000. Bank of America Corp DE increased its position in shares of Blackstone Mortgage Trust by 21.9% during the first quarter. Bank of America Corp DE now owns 1,297,062 shares of the real estate investment trust’s stock worth $24,839,000 after acquiring an additional 233,357 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Blackstone Mortgage Trust by 758.3% during the first quarter. First Trust Advisors LP now owns 185,148 shares of the real estate investment trust’s stock worth $3,546,000 after acquiring an additional 163,577 shares in the last quarter. 64.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, Director Henry Nassau purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $14.34 per share, with a total value of $143,400.00. Following the transaction, the director directly owned 218,523 shares of the company’s stock, valued at $3,133,619.82. This represents a 4.80% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 3,716 shares of company stock worth $46,815. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

BXMT has been the topic of several research reports. Wells Fargo & Company cut their price objective on shares of Blackstone Mortgage Trust from $22.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Blackstone Mortgage Trust in a report on Thursday. Keefe, Bruyette & Woods lowered their target price on Blackstone Mortgage Trust from $13.00 to $12.00 and set a “market perform” rating for the company in a report on Friday. Raymond James Financial downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 6th. Finally, Citigroup restated a “market perform” rating on shares of Blackstone Mortgage Trust in a report on Tuesday, August 25th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Blackstone Mortgage Trust presently has an average rating of “Hold” and a consensus target price of $18.40.

Blackstone Mortgage Trust Stock Up 1.3%

Shares of BXMT opened at $11.01 on Friday. Blackstone Mortgage Trust, Inc. has a twelve month low of $10.11 and a twelve month high of $20.67. The stock has a market capitalization of $1.86 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.25 and a beta of 0.92. The company has a 50 day moving average of $12.24 and a 200-day moving average of $16.71.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.14. Blackstone Mortgage Trust had a negative net margin of 48.18% and a positive return on equity of 9.17%. The business had revenue of $141.90 million for the quarter, compared to analyst estimates of $148.60 million. On average, sell-side analysts anticipate that Blackstone Mortgage Trust, Inc. will post 0.91 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 10.9%. The ex-dividend date is Thursday, December 31st. This is a decrease from Blackstone Mortgage Trust’s previous quarterly dividend of $0.47. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 2,088.89%.

More Blackstone Mortgage Trust News

Here are the key news stories impacting Blackstone Mortgage Trust this week:

• Positive Sentiment: BXMT reported quarterly earnings of $0.38 per share, above the $0.24 analyst consensus. Another estimate cited adjusted earnings of $0.42 per share versus $0.26 expected, and earnings increased from $0.24 a year earlier. Blackstone Mortgage Trust Beats Q3 Earnings Estimates
• Positive Sentiment: Management’s efforts to reduce exposure to older office loans could lower future credit risk and improve portfolio quality, although the process is weighing on current results. Blackstone Mortgage Trust Reports Loss as It Cuts Older Office Loans
• Neutral Sentiment: Keefe, Bruyette & Woods maintained a “market perform” rating but lowered its price target from $13 to $12, implying approximately 9% potential upside from the referenced price. The revision signals limited near-term conviction. Keefe, Bruyette & Woods BXMT Rating
• Negative Sentiment: The REIT posted an unexpected $327.6 million third-quarter net loss, reflecting credit provisions and markdowns associated with its loan portfolio. Revenue of $141.9 million also came in below the $148.6 million consensus estimate. Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss
• Negative Sentiment: BXMT cut its quarterly dividend to $0.30 per share from $0.47, a 36.2% reduction. Although the annualized yield remains about 11%, the cut may pressure income-focused investors and raises questions about cash-flow durability.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc is a real estate investment trust that originates and manages senior loans secured by commercial properties. The company primarily provides floating-rate mortgage financing to owners and sponsors of institutional-quality real estate, earning income from interest and other fees associated with its lending activities.

Its loan portfolio has historically included properties across sectors such as office, multifamily, hotel, industrial, retail and life sciences.