Caxton Associates LLP Takes Position in Blackstone Mortgage Trust, Inc. $BXMT

Caxton Associates LLP acquired a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 88,681 shares of the real estate investment trust’s stock, valued at approximately $1,774,000.

A number of other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake 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 valued at $34,000 after purchasing an additional 536 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of Blackstone Mortgage Trust by 18.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 365,164 shares of the real estate investment trust’s stock valued at $7,303,000 after purchasing an additional 57,549 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust by 1.8% in the 1st quarter. NewEdge Advisors LLC now owns 286,299 shares of the real estate investment trust’s stock valued at $5,726,000 after purchasing an additional 4,964 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Blackstone Mortgage Trust by 14.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 655,908 shares of the real estate investment trust’s stock valued at $13,118,000 after buying an additional 81,243 shares during the period. Finally, Beaird Harris Wealth Management LLC purchased a new stake in Blackstone Mortgage Trust during the 1st quarter valued at $480,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

BXMT stock opened at $19.92 on Tuesday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The firm has a 50-day moving average of $19.34 and a 200 day moving average of $19.33. The company has a market cap of $3.42 billion, a P/E ratio of -284.50 and a beta of 1.16.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 9.4%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -2,685.71%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating for the company in a research report on Thursday, July 31st. UBS Group increased their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.00.

Insider Activity

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of the sale, the chief financial officer directly owned 64,082 shares in the company, valued at $1,230,374.40. This trade represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Katharine A. Keenan sold 2,315 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $19.25, for a total transaction of $44,563.75. Following the completion of the sale, the chief executive officer owned 234,599 shares of the company’s stock, valued at $4,516,030.75. This trade represents a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,069 shares of company stock valued at $231,343 over the last 90 days. 1.02% of the stock is currently owned by company 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.