Bright Futures Wealth Management LLC. Buys 1,422 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Bright Futures Wealth Management LLC. grew its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,276 shares of the real estate investment trust’s stock after acquiring an additional 1,422 shares during the quarter. Blackstone Mortgage Trust comprises approximately 2.5% of Bright Futures Wealth Management LLC.’s portfolio, making the stock its 11th biggest position. Bright Futures Wealth Management LLC. owned approximately 0.09% of Blackstone Mortgage Trust worth $2,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. True North Advisors LLC increased its holdings in shares of Blackstone Mortgage Trust by 2.4% during the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 558 shares in the last quarter. MBM Wealth Consultants LLC increased its holdings in shares of Blackstone Mortgage Trust by 9.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 1,208 shares in the last quarter. Glassy Mountain Advisors Inc. increased its holdings in shares of Blackstone Mortgage Trust by 2.6% during the third quarter. Glassy Mountain Advisors Inc. now owns 61,445 shares of the real estate investment trust’s stock valued at $1,168,000 after acquiring an additional 1,534 shares in the last quarter. FMR LLC increased its holdings in shares of Blackstone Mortgage Trust by 11.4% during the third quarter. FMR LLC now owns 17,812 shares of the real estate investment trust’s stock valued at $339,000 after acquiring an additional 1,827 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Blackstone Mortgage Trust in the 3rd quarter worth about $39,000. 64.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BXMT has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $20.29.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $19.85 on Friday. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -14.28 and a beta of 1.50. The stock’s 50-day simple moving average is $18.21 and its two-hundred day simple moving average is $18.36. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $20.73.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 9.35% and a negative net margin of 12.91%. As a group, equities analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.95 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 9.47%. Blackstone Mortgage Trust’s payout ratio is -160.68%.

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.