Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Duality Advisers LP

Duality Advisers LP lessened its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 78.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,391 shares of the real estate investment trust’s stock after selling 37,915 shares during the period. Duality Advisers LP’s holdings in Blackstone Mortgage Trust were worth $221,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BXMT. Central Bank & Trust Co. purchased a new stake in Blackstone Mortgage Trust in the 4th quarter worth approximately $25,000. Sandy Spring Bank boosted its position in Blackstone Mortgage Trust by 10,652.0% in the 4th quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 2,663 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Blackstone Mortgage Trust by 4,986.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 6,483 shares in the last quarter. Blair William & Co. IL purchased a new stake in Blackstone Mortgage Trust in the 3rd quarter worth approximately $202,000. Finally, Independent Advisor Alliance purchased a new stake in Blackstone Mortgage Trust in the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock opened at $17.92 on Friday. The stock’s fifty day moving average is $19.47 and its two-hundred day moving average is $20.57. The firm has a market capitalization of $3.11 billion, a P/E ratio of 597.17 and a beta of 1.42. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.83 and a fifty-two week high of $23.82.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.84%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 8,266.67%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BXMT shares. Bank of America lowered Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $21.00 in a research report on Monday, March 4th. Wells Fargo & Company decreased their target price on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group decreased their target price on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday. BTIG Research decreased their target price on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating on the stock in a report on Friday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.93.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the sale, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at approximately $3,967,565.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the sale, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the sale, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The disclosure for this sale can be found here. Insiders sold 5,540 shares of company stock valued at $112,642 in the last three months. 1.02% of the stock is currently owned by insiders.

Blackstone Mortgage Trust Company 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.