Vanguard Personalized Indexing Management LLC Cuts Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Vanguard Personalized Indexing Management LLC cut its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 26.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,628 shares of the real estate investment trust’s stock after selling 6,958 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Blackstone Mortgage Trust were worth $341,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Versant Capital Management Inc increased its position 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 valued at $38,000 after purchasing an additional 871 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in shares of Blackstone Mortgage Trust by 14.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 8,465 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 1,039 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Blackstone Mortgage Trust by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 46,190 shares of the real estate investment trust’s stock valued at $805,000 after purchasing an additional 1,206 shares during the last quarter. Park Place Capital Corp bought a new stake in Blackstone Mortgage Trust in the second quarter worth $26,000. Finally, Institute for Wealth Management LLC. boosted its stake in shares of Blackstone Mortgage Trust by 2.4% during the 2nd quarter. Institute for Wealth Management LLC. now owns 67,634 shares of the real estate investment trust’s stock worth $1,178,000 after purchasing an additional 1,586 shares during the period. Institutional investors own 64.15% of the company’s stock.

Insider Buying and Selling

In other news, CEO Katharine A. Keenan bought 16,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $17.16 per share, for a total transaction of $274,560.00. Following the acquisition, the chief executive officer now directly owns 198,960 shares of the company’s stock, valued at approximately $3,414,153.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Katharine A. Keenan bought 16,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $17.16 per share, with a total value of $274,560.00. Following the completion of the transaction, the chief executive officer now directly owns 198,960 shares of the company’s stock, valued at approximately $3,414,153.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Henry N. Nassau acquired 10,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $17.52 per share, with a total value of $175,200.00. Following the transaction, the director now directly owns 165,557 shares in the company, valued at approximately $2,900,558.64. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 83,050 shares of company stock worth $1,448,135 and have sold 1,495 shares worth $27,899. 0.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BXMT has been the topic of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Tuesday, July 23rd. Wells Fargo & Company upped their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 price objective on shares of Blackstone Mortgage Trust in a research report on Tuesday, June 18th. BTIG Research reaffirmed a “buy” rating and set a $23.00 price target on shares of Blackstone Mortgage Trust in a research report on Friday, July 19th. Finally, Wolfe Research started coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating for the company. 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 MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.08.

Blackstone Mortgage Trust Stock Down 0.7 %

Shares of Blackstone Mortgage Trust stock opened at $19.54 on Friday. The firm has a market cap of $3.39 billion, a PE ratio of 651.33 and a beta of 1.49. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $23.29. The business has a 50-day moving average price of $18.34 and a 200 day moving average price of $18.37.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.51 EPS 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 analysts’ expectations 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 prior year, the firm earned $0.75 earnings per share. On average, sell-side analysts expect that Blackstone Mortgage Trust, Inc. will post 1.94 EPS for the current year.

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

Blackstone Mortgage Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date is Monday, September 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 8,266.67%.

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.