Strs Ohio Sells 900 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Strs Ohio reduced its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 2.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,200 shares of the real estate investment trust’s stock after selling 900 shares during the period. Strs Ohio’s holdings in Blackstone Mortgage Trust were worth $748,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BXMT. Vanguard Group Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 15.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock valued at $405,492,000 after buying an additional 2,470,412 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Blackstone Mortgage Trust by 4,968.8% in the 3rd quarter. Principal Financial Group Inc. now owns 928,149 shares of the real estate investment trust’s stock worth $20,187,000 after purchasing an additional 909,838 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Blackstone Mortgage Trust by 45.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust’s stock worth $46,578,000 after purchasing an additional 669,172 shares in the last quarter. Northern Trust Corp boosted its stake in Blackstone Mortgage Trust by 22.7% in the 3rd quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust’s stock worth $48,260,000 after purchasing an additional 410,722 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Blackstone Mortgage Trust by 35.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,096,198 shares of the real estate investment trust’s stock worth $23,316,000 after purchasing an additional 289,643 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Price Performance

BXMT opened at $17.65 on Friday. The firm has a fifty day moving average price of $19.51 and a 200 day moving average price of $20.60. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.83 and a 1 year high of $23.82. The stock has a market cap of $3.07 billion, a P/E ratio of 588.33 and a beta of 1.42.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 14.05%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio is currently 8,266.67%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group lowered their target price on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday. BTIG Research lowered their target price on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company dropped their price objective on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.29.

Insider Activity at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,274 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.42, for a total transaction of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares in the company, valued at $3,967,565.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The disclosure for this sale can be found here. Insiders sold a total of 5,540 shares of company stock worth $112,642 in the last three months. Company insiders own 1.02% of the company’s stock.

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.