one8zero8 LLC Invests $192,000 in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

one8zero8 LLC bought a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,000 shares of the real estate investment trust’s stock, valued at approximately $192,000.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Blackstone Mortgage Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock worth $44,134,000 after acquiring an additional 121,633 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust’s stock worth $14,607,000 after buying an additional 20,487 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Blackstone Mortgage Trust by 1.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock worth $11,319,000 after buying an additional 8,444 shares during the last quarter. GFS Advisors LLC boosted its holdings in shares of Blackstone Mortgage Trust by 11.5% in the 4th quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust’s stock worth $8,900,000 after buying an additional 52,750 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Blackstone Mortgage Trust by 0.8% in the 4th quarter. Swiss National Bank now owns 324,400 shares of the real estate investment trust’s stock worth $5,648,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 64.15% of the company’s stock.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,323 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $20.70, for a total value of $48,086.10. Following the sale, the chief executive officer now directly owns 248,487 shares of the company’s stock, valued at approximately $5,143,680.90. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wolfe Research raised shares of 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. JPMorgan Chase & Co. boosted their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. UBS Group boosted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.67.

Blackstone Mortgage Trust Stock Up 1.3 %

NYSE BXMT opened at $20.88 on Tuesday. The company has a market cap of $3.58 billion, a PE ratio of -17.84 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $21.09. The firm’s 50-day simple moving average is $19.15 and its two-hundred day simple moving average is $18.79.

Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. As a group, equities research analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust’s payout ratio is -160.68%.

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.