Private Trust Co. NA Invests $68,000 in Blackstone Mortgage Trust, Inc. $BXMT

Private Trust Co. NA acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,546 shares of the real estate investment trust’s stock, valued at approximately $68,000.

A number of other large investors have also modified their holdings of BXMT. GAMMA Investing LLC increased its position in shares of Blackstone Mortgage Trust by 187.8% during the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,944 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Blackstone Mortgage Trust by 45.2% during the first quarter. Janney Montgomery Scott LLC now owns 21,109 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 6,571 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Blackstone Mortgage Trust by 21.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,765 shares of the real estate investment trust’s stock worth $555,000 after acquiring an additional 4,854 shares during the period. Transcend Capital Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 31.1% during the first quarter. Transcend Capital Advisors LLC now owns 21,106 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 5,009 shares during the period. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in shares of Blackstone Mortgage Trust during the first quarter worth $272,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

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 on Wednesday, September 17th. The shares were sold at an average price of $19.49, for a total value of $89,517.57. Following the completion of the transaction, the chief executive officer owned 230,006 shares in the company, valued at $4,482,816.94. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 8,818 shares of company stock valued at $171,190 in the last three months. Corporate insiders own 1.02% of the company’s stock.

Wall Street Analyst Weigh In

BXMT has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. UBS Group increased 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. dropped their target price on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.63.

Blackstone Mortgage Trust Price Performance

NYSE BXMT opened at $18.41 on Friday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The company has a market capitalization of $3.16 billion, a PE ratio of -262.93 and a beta of 1.15. The company has a fifty day moving average of $18.94 and a two-hundred day moving average of $19.01.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.47 dividend. 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 is currently -2,685.71%.

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.