Yousif Capital Management LLC Sells 704 Shares of Blackstone Mortgage Trust, Inc. $BXMT

Yousif Capital Management LLC decreased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 1.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,345 shares of the real estate investment trust’s stock after selling 704 shares during the period. Yousif Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $1,219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BXMT. GAMMA Investing LLC increased 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 purchasing an additional 1,944 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Blackstone Mortgage Trust by 45.2% during the first quarter. Janney Montgomery Scott LLC now owns 21,109 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 6,571 shares in the last quarter. Praxis Investment Management Inc. bought a new stake in shares of Blackstone Mortgage Trust during the first quarter valued at approximately $200,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Blackstone Mortgage Trust by 21.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,765 shares of the real estate investment trust’s stock valued at $555,000 after acquiring an additional 4,854 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 31.1% during the first quarter. Transcend Capital Advisors LLC now owns 21,106 shares of the real estate investment trust’s stock valued at $422,000 after acquiring an additional 5,009 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 0.5%

NYSE:BXMT opened at $17.90 on Tuesday. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The company has a market cap of $3.07 billion, a PE ratio of -255.76 and a beta of 1.15. The company has a 50 day simple moving average of $19.00 and a two-hundred day simple moving average of $19.02.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.5%. The ex-dividend date was Tuesday, September 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently -2,685.71%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 4,593 shares of Blackstone Mortgage Trust stock in a transaction on Wednesday, September 17th. The shares were 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 in the company, valued at $4,482,816.94. This trade represents a 1.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 8,818 shares of company stock worth $171,190. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.