Nations Financial Group Inc. IA ADV Has $5.90 Million Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Nations Financial Group Inc. IA ADV trimmed its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 338,989 shares of the real estate investment trust’s stock after selling 28,817 shares during the period. Nations Financial Group Inc. IA ADV owned about 0.20% of Blackstone Mortgage Trust worth $5,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BXMT. Harbor Capital Advisors Inc. acquired a new position in Blackstone Mortgage Trust in the third quarter valued at about $39,000. McIlrath & Eck LLC acquired a new position in Blackstone Mortgage Trust in the third quarter valued at about $63,000. KBC Group NV grew its stake in Blackstone Mortgage Trust by 39.3% in the fourth quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 2,145 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $172,000. Finally, Wealthstar Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $178,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Price Performance

Shares of NYSE BXMT opened at $20.34 on Friday. The business’s 50 day moving average price is $18.24 and its two-hundred day moving average price is $18.37. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $20.73.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts expect that Blackstone Mortgage Trust, Inc. will post 1.95 EPS 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. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 9.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is -135.25%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Wednesday, December 11th. Keefe, Bruyette & Woods boosted their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and an average price target of $20.29.

About Blackstone Mortgage Trust

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.