GAMMA Investing LLC Makes New Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

GAMMA Investing LLC acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,268 shares of the real estate investment trust’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Blackstone Mortgage Trust by 15.3% during the third quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock worth $405,492,000 after buying an additional 2,470,412 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Blackstone Mortgage Trust by 4,968.8% during the 3rd quarter. Principal Financial Group Inc. now owns 928,149 shares of the real estate investment trust’s stock valued at $20,187,000 after acquiring an additional 909,838 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Blackstone Mortgage Trust by 45.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust’s stock valued at $46,578,000 after acquiring an additional 669,172 shares in the last quarter. Northern Trust Corp increased its stake in Blackstone Mortgage Trust by 22.7% in the third quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust’s stock valued at $48,260,000 after acquiring an additional 410,722 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Blackstone Mortgage Trust by 35.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,096,198 shares of the real estate investment trust’s stock worth $23,316,000 after purchasing an additional 289,643 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BXMT shares. BTIG Research decreased their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. UBS Group dropped their price objective on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $21.00 in a report on Monday, March 4th. Keefe, Bruyette & Woods lowered their target price on shares of Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.93.

Insider Activity at Blackstone Mortgage Trust

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

Blackstone Mortgage Trust Stock Down 0.1 %

Shares of NYSE BXMT opened at $17.99 on Friday. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.83 and a 12-month high of $23.82. The firm’s 50-day simple moving average is $19.33 and its 200 day simple moving average is $20.47. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 599.67 and a beta of 1.44.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.48 annualized dividend and a dividend yield of 13.79%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 8,266.67%.

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.