Fox Run Management L.L.C. Makes New $844,000 Investment in Blackstone Mortgage Trust, Inc. $BXMT

Fox Run Management L.L.C. purchased a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 43,865 shares of the real estate investment trust’s stock, valued at approximately $844,000.

Other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC acquired a new stake in shares of Blackstone Mortgage Trust in the 1st quarter valued at about $29,000. Jones Financial Companies Lllp boosted its holdings in Blackstone Mortgage Trust by 45.5% in the first 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 grew its stake 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 period. Private Trust Co. NA acquired a new stake in Blackstone Mortgage Trust in the second quarter valued at approximately $68,000. Finally, Wellington Shields & Co. LLC increased 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 valued at $88,000 after acquiring an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Blackstone Mortgage Trust from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday. Keefe, Bruyette & Woods boosted their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. UBS Group raised their target price on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on Blackstone Mortgage Trust from $18.50 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Blackstone Mortgage Trust currently has an average rating of “Hold” and an average price target of $19.75.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,593 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total value of $89,517.57. Following the transaction, the chief executive officer owned 230,006 shares of the company’s stock, valued at approximately $4,482,816.94. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 8,818 shares of company stock worth $171,190 in the last 90 days. Company insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock opened at $18.40 on Monday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 29.68 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24. The company has a 50-day simple moving average of $18.78 and a two-hundred day simple moving average of $19.06.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis 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 presently 303.23%.

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.