Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Holdings Decreased by DT Investment Partners LLC

DT Investment Partners LLC reduced its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,900 shares of the real estate investment trust’s stock after selling 1,800 shares during the quarter. DT Investment Partners LLC’s holdings in Blackstone Mortgage Trust were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp raised its stake in shares of Blackstone Mortgage Trust by 4.9% during the third quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after purchasing an additional 38,436 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Blackstone Mortgage Trust by 1.4% during the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock valued at $11,319,000 after purchasing an additional 8,444 shares in the last quarter. GFS Advisors LLC raised its position in Blackstone Mortgage Trust by 11.5% in the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust’s stock worth $8,900,000 after acquiring an additional 52,750 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in Blackstone Mortgage Trust by 2.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 367,806 shares of the real estate investment trust’s stock worth $6,992,000 after acquiring an additional 7,732 shares in the last quarter. Finally, Dupree Financial Group LLC raised its position in Blackstone Mortgage Trust by 0.8% in the fourth quarter. Dupree Financial Group LLC now owns 275,716 shares of the real estate investment trust’s stock worth $4,800,000 after acquiring an additional 2,156 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Trading Up 3.2 %

Shares of BXMT opened at $19.85 on Friday. The business’s 50-day moving average price is $18.21 and its 200 day moving average price is $18.36. The stock has a market capitalization of $3.43 billion, a P/E ratio of -14.28 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $20.73.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 9.35% and a negative net margin of 12.91%. On average, research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.95 earnings per share for the current year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 9.47%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -160.68%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BXMT. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.29.

About Blackstone Mortgage Trust

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.