Blackstone Mortgage Trust, Inc. $BXMT Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP decreased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 13.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 24,760 shares of the real estate investment trust’s stock after selling 3,867 shares during the quarter. Greenland Capital Management LP’s holdings in Blackstone Mortgage Trust were worth $477,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BXMT. SVB Wealth LLC purchased a new stake in shares of Blackstone Mortgage Trust during the 1st quarter worth approximately $29,000. Jones Financial Companies Lllp raised its stake in Blackstone Mortgage Trust by 45.5% during the 1st 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. FNY Investment Advisers LLC lifted its position in Blackstone Mortgage Trust by 420.0% in the second quarter. FNY Investment Advisers LLC now owns 2,600 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 2,100 shares during the last quarter. Private Trust Co. NA acquired a new position in Blackstone Mortgage Trust in the second quarter valued at $68,000. Finally, Wellington Shields & Co. LLC grew its holdings in shares of Blackstone Mortgage Trust by 39.8% during the first quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,255 shares during the last quarter. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT opened at $18.38 on Thursday. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 29.64 and a beta of 1.16. The business’s 50 day simple moving average is $18.57 and its 200-day simple moving average is $19.03. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24.

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

Blackstone Mortgage Trust Dividend Announcement

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

Insider Transactions at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,593 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $19.49, for a total value of $89,517.57. Following the sale, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 8,818 shares of company stock worth $171,190 in the last ninety days. Insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods raised Blackstone Mortgage Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $20.00 to $21.00 in a research report on Monday. JPMorgan Chase & Co. upped 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a report on Thursday, November 13th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.00.

Blackstone Mortgage Trust Profile

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.