Childress Capital Advisors LLC Has $258,000 Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Childress Capital Advisors LLC cut its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 79.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,797 shares of the real estate investment trust’s stock after selling 57,600 shares during the period. Childress Capital Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. Artemis Investment Management LLP bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $24,103,000. Van ECK Associates Corp raised its holdings in shares of Blackstone Mortgage Trust by 4.9% in 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 during the last quarter. Rockefeller Capital Management L.P. lifted its position in Blackstone Mortgage Trust by 1.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock worth $11,319,000 after buying an additional 8,444 shares in the last quarter. GFS Advisors LLC increased its holdings in Blackstone Mortgage Trust by 11.5% during the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust’s stock worth $8,900,000 after buying an additional 52,750 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in Blackstone Mortgage Trust by 2.1% during 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 buying an additional 7,732 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BXMT. JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Finally, Wolfe Research upgraded 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.14.

Blackstone Mortgage Trust Stock Down 0.4 %

NYSE BXMT opened at $17.94 on Tuesday. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $20.73. The business has a 50 day simple moving average of $18.27 and a 200 day simple moving average of $18.36.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.48%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is presently -135.25%.

Blackstone Mortgage Trust 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.