Strategic Advisors LLC Reduces Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Strategic Advisors LLC decreased its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 47.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 41,650 shares of the real estate investment trust’s stock after selling 37,650 shares during the quarter. Strategic Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $725,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in shares of Blackstone Mortgage Trust by 4.9% during the third quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock worth $15,737,000 after purchasing an additional 38,436 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Blackstone Mortgage Trust by 1.4% during the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock worth $11,319,000 after purchasing an additional 8,444 shares during the last quarter. GFS Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 11.5% during the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust’s stock worth $8,900,000 after purchasing an additional 52,750 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Blackstone Mortgage Trust by 2.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 367,806 shares of the real estate investment trust’s stock worth $6,992,000 after purchasing an additional 7,732 shares during the last quarter. Finally, Dupree Financial Group LLC grew its holdings in shares of Blackstone Mortgage Trust by 0.8% during the fourth quarter. Dupree Financial Group LLC now owns 275,716 shares of the real estate investment trust’s stock worth $4,800,000 after purchasing an additional 2,156 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday. Wolfe Research raised 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. Finally, JPMorgan Chase & Co. lowered 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.29.

Blackstone Mortgage Trust Stock Up 2.4 %

Shares of BXMT stock opened at $20.34 on Monday. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $20.73. The business’s fifty day moving average price is $18.27 and its 200 day moving average price is $18.39.

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

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.24%. Blackstone Mortgage Trust’s payout ratio is currently -135.25%.

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.