9,739 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Acquired by Bison Wealth LLC

Bison Wealth LLC purchased a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,739 shares of the real estate investment trust’s stock, valued at approximately $207,000.

A number of other large investors also recently added to or reduced their stakes in BXMT. Raymond James Financial Services Advisors Inc. lifted its holdings in Blackstone Mortgage Trust by 14.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 60,571 shares of the real estate investment trust’s stock worth $1,926,000 after purchasing an additional 7,506 shares in the last quarter. US Bancorp DE raised its holdings in shares of Blackstone Mortgage Trust by 11.8% during the 1st quarter. US Bancorp DE now owns 18,508 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 1,957 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Blackstone Mortgage Trust by 43.2% during the 1st quarter. Cetera Advisor Networks LLC now owns 12,607 shares of the real estate investment trust’s stock worth $401,000 after acquiring an additional 3,802 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Blackstone Mortgage Trust by 50.6% during the 1st quarter. MetLife Investment Management LLC now owns 82,945 shares of the real estate investment trust’s stock worth $2,637,000 after acquiring an additional 27,873 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Blackstone Mortgage Trust during the 1st quarter worth approximately $200,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Stock Performance

Blackstone Mortgage Trust stock opened at $18.23 on Thursday. The stock has a 50-day moving average of $19.58 and a two-hundred day moving average of $20.70. Blackstone Mortgage Trust, Inc. has a one year low of $16.83 and a one year high of $23.82. The stock has a market cap of $3.17 billion, a PE ratio of 12.93 and a beta of 1.42.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.60%. The ex-dividend date of this dividend was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio is presently 175.89%.

Insider Activity

In related news, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the sale, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the sale, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the sale, the chief executive officer now directly owns 194,298 shares in the company, valued at $3,967,565.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,540 shares of company stock valued at $112,642. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $22.00 to $21.00 in a research report on Monday, March 4th. BTIG Research cut their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Finally, UBS Group dropped their price target on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 20th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.83.

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.