MBM Wealth Consultants LLC Boosts Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

MBM Wealth Consultants LLC boosted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,737 shares of the real estate investment trust’s stock after purchasing an additional 1,208 shares during the period. MBM Wealth Consultants LLC’s holdings in Blackstone Mortgage Trust were worth $244,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new position in shares of Blackstone Mortgage Trust during the third quarter valued at about $39,000. McIlrath & Eck LLC bought a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at approximately $63,000. Future Financial Wealth Managment LLC purchased a new position in shares of Blackstone Mortgage Trust during the 3rd quarter worth approximately $95,000. Diversify Advisory Services LLC bought a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $172,000. Finally, Sei Investments Co. purchased a new position in shares of Blackstone Mortgage Trust in the 2nd quarter valued at approximately $184,000. Institutional investors own 64.15% of the company’s stock.

Analyst Ratings Changes

BXMT has been the topic of a number of recent research reports. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods cut their price objective on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.14.

Blackstone Mortgage Trust Stock Down 0.9 %

Shares of NYSE BXMT opened at $18.27 on Wednesday. The firm’s 50-day moving average price is $18.35 and its 200-day moving average price is $18.40. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $21.50.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued 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 10.29%. Blackstone Mortgage Trust’s payout ratio is -135.25%.

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.