Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp raised its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 15.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,381 shares of the real estate investment trust’s stock after purchasing an additional 9,405 shares during the quarter. Stifel Financial Corp’s holdings in Blackstone Mortgage Trust were worth $1,338,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BXMT. Harbor Capital Advisors Inc. purchased a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $39,000. Wellington Shields & Co. LLC grew its position in Blackstone Mortgage Trust by 98.0% in the second quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 2,255 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Blackstone Mortgage Trust during the second quarter valued at approximately $87,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $95,000. Finally, Sei Investments Co. acquired a new position in shares of Blackstone Mortgage Trust during the second quarter worth $184,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. 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 report on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Blackstone Mortgage Trust has a consensus rating of “Hold” and an average price target of $20.07.

Blackstone Mortgage Trust Stock Performance

BXMT opened at $18.15 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of -13.06 and a beta of 1.50. The company has a 50-day moving average of $18.66 and a 200-day moving average of $18.35. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $23.10.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.36%. The ex-dividend date is Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is currently -135.25%.

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.