SG Americas Securities LLC Purchases 23,781 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

SG Americas Securities LLC increased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 254.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,117 shares of the real estate investment trust’s stock after purchasing an additional 23,781 shares during the period. SG Americas Securities LLC’s holdings in Blackstone Mortgage Trust were worth $630,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Park Place Capital Corp bought a new position in Blackstone Mortgage Trust during the 2nd quarter valued at $26,000. Versant Capital Management Inc raised its stake in shares of Blackstone Mortgage Trust by 66.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 871 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth $51,000. Wellington Shields & Co. LLC raised its stake in shares of Blackstone Mortgage Trust by 98.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,255 shares during the period. Finally, Westend Capital Management LLC bought a new stake in shares of Blackstone Mortgage Trust during the 1st quarter worth $83,000. 64.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, Director Henry N. Nassau bought 10,000 shares of Blackstone Mortgage Trust stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $17.52 per share, with a total value of $175,200.00. Following the acquisition, the director now directly owns 165,557 shares of the company’s stock, valued at $2,900,558.64. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Blackstone Mortgage Trust news, Director Henry N. Nassau acquired 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $17.52 per share, with a total value of $175,200.00. Following the completion of the acquisition, the director now owns 165,557 shares of the company’s stock, valued at $2,900,558.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy Steven Johnson acquired 57,050 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $17.50 per share, with a total value of $998,375.00. Following the acquisition, the director now directly owns 423,251 shares of the company’s stock, valued at $7,406,892.50. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 83,050 shares of company stock valued at $1,448,135 and sold 1,495 shares valued at $27,899. Insiders own 0.93% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $18.03 on Tuesday. The business has a 50-day moving average of $18.36 and a 200 day moving average of $18.19. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $23.29. The firm has a market cap of $3.13 billion, a P/E ratio of -20.03 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $466.15 million during the quarter, compared to analyst estimates of $131.87 million. Blackstone Mortgage Trust had a positive return on equity of 10.16% and a negative net margin of 7.98%. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

Blackstone Mortgage Trust declared that its Board of Directors has approved a stock buyback program on Wednesday, July 24th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 4.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Blackstone Mortgage Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.43%. The ex-dividend date of this dividend is Monday, September 30th. Blackstone Mortgage Trust’s payout ratio is presently -208.89%.

Analyst Ratings Changes

BXMT has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their target price on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $18.00 target price on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 18th. JMP Securities reiterated a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Tuesday, July 23rd. Wolfe Research began coverage on Blackstone Mortgage Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating on the stock. Finally, BTIG Research reissued a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a report on Friday, July 19th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.08.

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.