Blackstone Mortgage Trust, Inc. $BXMT Shares Purchased by Condor Capital Management

Condor Capital Management boosted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 21.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,961 shares of the real estate investment trust’s stock after acquiring an additional 34,817 shares during the period. Condor Capital Management’s holdings in Blackstone Mortgage Trust were worth $3,792,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Blackstone Mortgage Trust during the second quarter worth about $35,101,000. MetLife Investment Management LLC increased its position in Blackstone Mortgage Trust by 696.6% during the first quarter. MetLife Investment Management LLC now owns 843,692 shares of the real estate investment trust’s stock worth $16,874,000 after buying an additional 737,778 shares during the period. Dark Forest Capital Management LP increased its position in Blackstone Mortgage Trust by 1,253.5% during the first quarter. Dark Forest Capital Management LP now owns 330,257 shares of the real estate investment trust’s stock worth $6,605,000 after buying an additional 305,857 shares during the period. Pacific Capital Partners Ltd purchased a new stake in Blackstone Mortgage Trust in the first quarter valued at approximately $4,000,000. Finally, Nuveen LLC acquired a new stake in shares of Blackstone Mortgage Trust in the first quarter valued at approximately $3,232,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 4,593 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total transaction of $89,517.57. Following the transaction, the chief executive officer owned 230,006 shares of the company’s stock, valued at $4,482,816.94. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 8,818 shares of company stock valued at $171,190 in the last quarter. 1.02% of the stock is owned by insiders.

Blackstone Mortgage Trust Stock Up 0.4%

Shares of NYSE:BXMT opened at $18.49 on Friday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The firm’s 50-day simple moving average is $18.66 and its 200-day simple moving average is $19.04. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 29.81 and a beta of 1.16.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results 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 net margin of 7.53% and a return on equity of 4.06%. The firm had revenue of $132.71 million during the quarter, compared to analysts’ expectations of $103.56 million. On average, research analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 303.23%.

Analyst Ratings Changes

BXMT has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. Keefe, Bruyette & Woods upped their target price on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a report on Thursday. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and a consensus target price of $19.75.

About Blackstone Mortgage Trust

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.