Gamco Investors INC. ET AL Has $650,000 Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Gamco Investors INC. ET AL raised its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,345 shares of the real estate investment trust’s stock after acquiring an additional 2,375 shares during the period. Gamco Investors INC. ET AL’s holdings in Blackstone Mortgage Trust were worth $650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Blackstone Mortgage Trust by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 18,398,374 shares of the real estate investment trust’s stock valued at $320,316,000 after purchasing an additional 63,338 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Blackstone Mortgage Trust by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock valued at $44,134,000 after acquiring an additional 121,633 shares during the period. Norges Bank bought a new position in Blackstone Mortgage Trust during the fourth quarter worth $35,662,000. Advisors Capital Management LLC raised its stake in Blackstone Mortgage Trust by 25.3% during the 4th quarter. Advisors Capital Management LLC now owns 976,489 shares of the real estate investment trust’s stock valued at $17,001,000 after purchasing an additional 197,154 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Blackstone Mortgage Trust by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust’s stock valued at $14,607,000 after purchasing an additional 20,487 shares during the period. 64.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BXMT. Keefe, Bruyette & Woods dropped their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday. Finally, UBS Group decreased their price objective on Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and an average price target of $20.25.

Blackstone Mortgage Trust Trading Up 1.2 %

BXMT stock opened at $18.32 on Friday. The firm has a market cap of $3.14 billion, a P/E ratio of -15.65 and a beta of 1.22. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24. The business’s 50 day moving average is $19.70 and its 200-day moving average is $18.82.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. Sell-side analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.26%. The ex-dividend date was Monday, March 31st. Blackstone Mortgage Trust’s dividend payout ratio is currently -160.68%.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the transaction, the chief executive officer now owns 246,172 shares of the company’s stock, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is currently owned by insiders.

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.