Whipplewood Advisors LLC Buys Shares of 10,595 Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Whipplewood Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,595 shares of the real estate investment trust’s stock, valued at approximately $184,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BXMT. GFS Advisors LLC increased its holdings in Blackstone Mortgage Trust by 9,068.6% during the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock valued at $8,715,000 after buying an additional 453,430 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock valued at $3,289,000 after buying an additional 108,409 shares during the last quarter. Weiss Asset Management LP purchased a new stake in Blackstone Mortgage Trust during the third quarter valued at approximately $1,937,000. Centiva Capital LP increased its holdings in Blackstone Mortgage Trust by 405.5% during the third quarter. Centiva Capital LP now owns 60,128 shares of the real estate investment trust’s stock valued at $1,143,000 after buying an additional 79,809 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Blackstone Mortgage Trust during the third quarter valued at approximately $883,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $20.45 on Friday. The firm has a fifty day moving average price of $18.57 and a 200 day moving average price of $18.57. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $21.09. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of -17.48 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its 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 negative net margin of 11.54% and a positive return on equity of 8.62%. As a group, research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 dividend on an annualized basis and a dividend yield of 9.19%. Blackstone Mortgage Trust’s dividend payout ratio is -160.68%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BXMT shares. Keefe, Bruyette & Woods upped 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 research report on Thursday, February 13th. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Wednesday, December 11th. UBS Group upped their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.71.

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.