Steward Partners Investment Advisory LLC Has $122,000 Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Steward Partners Investment Advisory LLC raised its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 114.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,003 shares of the real estate investment trust’s stock after purchasing an additional 3,736 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Blackstone Mortgage Trust were worth $122,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. True North Advisors LLC raised its stake in shares of Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 558 shares during the period. Sheaff Brock Investment Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 1.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 624 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Blackstone Mortgage Trust by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 785 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Blackstone Mortgage Trust by 9.1% in the 4th quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 841 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Blackstone Mortgage Trust by 7.6% in the 4th quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BXMT. Keefe, Bruyette & Woods lifted their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price target on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. UBS Group boosted their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.67.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,323 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $20.70, for a total transaction of $48,086.10. Following the sale, the chief executive officer now owns 248,487 shares of the company’s stock, valued at approximately $5,143,680.90. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 3,345 shares of company stock worth $68,265 over the last three months. Corporate insiders own 0.93% of the company’s stock.

Blackstone Mortgage Trust Trading Up 2.6 %

NYSE BXMT opened at $20.61 on Monday. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $21.09. The company has a 50 day moving average of $19.09 and a 200-day moving average of $18.78. The company has a market cap of $3.54 billion, a price-to-earnings ratio of -17.61 and a beta of 1.52.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate 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%. On average, equities research analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.12%. Blackstone Mortgage Trust’s dividend payout ratio is currently -160.68%.

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.