Bayforest Capital Ltd Sells 7,131 Shares of Blackstone Mortgage Trust, Inc. $BXMT

Bayforest Capital Ltd lessened its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 23.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 23,588 shares of the real estate investment trust’s stock after selling 7,131 shares during the period. Bayforest Capital Ltd’s holdings in Blackstone Mortgage Trust were worth $454,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. SVB Wealth LLC acquired a new position in shares of Blackstone Mortgage Trust during the first quarter valued at $29,000. Jones Financial Companies Lllp lifted its stake in shares of Blackstone Mortgage Trust by 45.5% during the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 536 shares during the period. Rossby Financial LCC acquired a new position in shares of Blackstone Mortgage Trust during the first quarter valued at $49,000. GAMMA Investing LLC lifted its stake in shares of Blackstone Mortgage Trust by 187.8% during the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,944 shares during the period. Finally, Wellington Shields & Co. LLC lifted its stake in shares of Blackstone Mortgage Trust by 39.8% during the first quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 1,255 shares during the period. Institutional investors own 64.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a research note on Wednesday, October 8th. UBS Group upped their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods upped their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $19.63.

Blackstone Mortgage Trust Trading Up 1.6%

NYSE:BXMT opened at $18.55 on Wednesday. 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 price is $19.05 and its two-hundred day moving average price is $19.07. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -264.99 and a beta of 1.15.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.88 annualized dividend and a yield of 10.1%. Blackstone Mortgage Trust’s dividend payout ratio is presently -2,685.71%.

Insider Activity at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 4,593 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total transaction of $89,517.57. Following the sale, the chief executive officer owned 230,006 shares of the company’s stock, valued at $4,482,816.94. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 8,818 shares of company stock worth $171,190 over the last quarter. Company insiders own 1.02% of the company’s stock.

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.