BI Asset Management Fondsmaeglerselskab A S Has $2 Million Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

BI Asset Management Fondsmaeglerselskab A S lifted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 33.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,190 shares of the real estate investment trust’s stock after acquiring an additional 25,200 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.06% of Blackstone Mortgage Trust worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BXMT. Central Bank & Trust Co. acquired a new position in Blackstone Mortgage Trust during the fourth quarter worth $25,000. Cape Investment Advisory Inc. bought a new stake in Blackstone Mortgage Trust during the fourth quarter valued at about $42,000. GAMMA Investing LLC bought a new stake in Blackstone Mortgage Trust during the fourth quarter valued at about $45,000. Creekmur Asset Management LLC bought a new stake in Blackstone Mortgage Trust during the fourth quarter valued at about $51,000. Finally, Sandy Spring Bank boosted its holdings in Blackstone Mortgage Trust by 10,652.0% during the fourth quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 2,663 shares during the period. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Price Performance

BXMT stock opened at $18.32 on Thursday. The company has a 50 day moving average price of $17.69 and a 200 day moving average price of $19.12. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $23.82. The stock has a market capitalization of $3.18 billion, a PE ratio of 610.67 and a beta of 1.49.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 13.54%. The ex-dividend date of this dividend is Friday, June 28th. Blackstone Mortgage Trust’s dividend payout ratio is presently 8,266.67%.

Analyst Upgrades and Downgrades

BXMT has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. BTIG Research reduced their target price on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Wolfe Research began coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating for the company. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 price target on shares of Blackstone Mortgage Trust in a research report on Tuesday, June 18th. Finally, UBS Group dropped their price objective on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.93.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,508 shares of Blackstone Mortgage Trust stock in a transaction on Monday, June 17th. The shares were sold at an average price of $17.53, for a total transaction of $79,025.24. Following the completion of the sale, the chief executive officer now owns 182,960 shares of the company’s stock, valued at approximately $3,207,288.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,508 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $17.53, for a total transaction of $79,025.24. Following the sale, the chief executive officer now directly owns 182,960 shares of the company’s stock, valued at approximately $3,207,288.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Katharine A. Keenan sold 2,296 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $17.04, for a total transaction of $39,123.84. Following the sale, the chief executive officer now directly owns 187,468 shares in the company, valued at $3,194,454.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,057 shares of company stock valued at $191,141. Company insiders own 0.93% of the company’s stock.

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.