FNY Investment Advisers LLC Boosts Stock Position in Blackstone Mortgage Trust, Inc. $BXMT

FNY Investment Advisers LLC boosted its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 420.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,600 shares of the real estate investment trust’s stock after purchasing an additional 2,100 shares during the quarter. FNY Investment Advisers LLC’s holdings in Blackstone Mortgage Trust were worth $50,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. True North Advisors LLC increased its holdings in Blackstone Mortgage Trust by 2.2% in the first quarter. True North Advisors LLC now owns 24,509 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 516 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Blackstone Mortgage Trust by 45.5% in 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 buying an additional 536 shares during the last quarter. Parallel Advisors LLC increased its holdings in Blackstone Mortgage Trust by 2.1% in the second quarter. Parallel Advisors LLC now owns 43,660 shares of the real estate investment trust’s stock valued at $840,000 after buying an additional 888 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in Blackstone Mortgage Trust by 2.7% in the second quarter. KLP Kapitalforvaltning AS now owns 34,600 shares of the real estate investment trust’s stock valued at $680,000 after buying an additional 900 shares during the last quarter. Finally, Glassy Mountain Advisors Inc. increased its holdings in Blackstone Mortgage Trust by 1.8% in the first quarter. Glassy Mountain Advisors Inc. now owns 57,149 shares of the real estate investment trust’s stock valued at $1,143,000 after buying an additional 998 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Up 0.2%

NYSE BXMT opened at $18.41 on Friday. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24. The business’s 50-day moving average price is $18.94 and its 200 day moving average price is $19.01. The firm has a market cap of $3.16 billion, a P/E ratio of -262.93 and a beta of 1.15.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.2%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently -2,685.71%.

Wall Street Analysts Forecast Growth

BXMT has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a report on Wednesday, October 8th. UBS Group raised their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods raised their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.63.

Insider Activity

In related 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 transaction, 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 filing with the SEC, which is available through this link. Insiders sold a total of 8,818 shares of company stock worth $171,190 over the last 90 days. 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.