BI Asset Management Fondsmaeglerselskab A S Raises Holdings in Blackstone Mortgage Trust, Inc. $BXMT

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,921 shares of the real estate investment trust’s stock after purchasing an additional 3,650 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.08% of Blackstone Mortgage Trust worth $2,738,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new position in Blackstone Mortgage Trust during the first quarter worth approximately $49,000. GAMMA Investing LLC increased its position in shares of Blackstone Mortgage Trust by 187.8% in the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 1,944 shares in the last quarter. Wellington Shields & Co. LLC raised its stake in shares of Blackstone Mortgage Trust by 39.8% during the 1st quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust’s stock worth $88,000 after buying an additional 1,255 shares during the period. Sound Income Strategies LLC lifted its position in shares of Blackstone Mortgage Trust by 18,595.8% during the 1st quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 4,463 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in Blackstone Mortgage Trust by 814.9% in the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 4,873 shares during the period. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock opened at $18.9750 on Thursday. The stock’s 50 day simple moving average is $19.32 and its 200-day simple moving average is $19.33. The stock has a market cap of $3.26 billion, a P/E ratio of -271.07 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 9.9%. Blackstone Mortgage Trust’s dividend payout ratio is currently -2,685.71%.

Analysts Set New Price Targets

Several research firms have issued reports on BXMT. UBS Group increased their price objective on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. JMP Securities restated a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating on the stock in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Blackstone Mortgage Trust presently has an average rating of “Hold” and a consensus price target of $20.00.

Insiders Place Their Bets

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total transaction of $29,126.40. Following the completion of the transaction, the chief financial officer directly owned 64,082 shares in the company, valued at approximately $1,230,374.40. This represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Katharine A. Keenan sold 6,931 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total transaction of $132,590.03. Following the completion of the transaction, the chief executive officer directly owned 236,914 shares in the company, valued at $4,532,164.82. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,248 shares of company stock worth $177,028 in the last 90 days. 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.