Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stake Boosted by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. grew its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,465 shares of the real estate investment trust’s stock after purchasing an additional 1,039 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Blackstone Mortgage Trust were worth $180,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Blackstone Mortgage Trust by 15.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock valued at $405,492,000 after acquiring an additional 2,470,412 shares in the last quarter. Blackstone Inc. lifted its stake in Blackstone Mortgage Trust by 9.5% in the fourth quarter. Blackstone Inc. now owns 7,948,955 shares of the real estate investment trust’s stock valued at $169,074,000 after acquiring an additional 686,881 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Blackstone Mortgage Trust by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,531,729 shares of the real estate investment trust’s stock valued at $53,850,000 after purchasing an additional 106,670 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Blackstone Mortgage Trust by 22.7% in the 3rd quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust’s stock valued at $48,260,000 after purchasing an additional 410,722 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Blackstone Mortgage Trust by 45.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust’s stock valued at $46,578,000 after purchasing an additional 669,172 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Performance

Shares of Blackstone Mortgage Trust stock opened at $17.93 on Wednesday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.70 and a 1 year high of $23.82. The company’s fifty day simple moving average is $17.87 and its 200-day simple moving average is $19.60. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 597.67 and a beta of 1.47.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.62 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.48 annualized dividend and a yield of 13.83%. Blackstone Mortgage Trust’s dividend payout ratio is 8,266.67%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research report on Thursday, April 25th. UBS Group reduced their target price on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $21.00 in a report on Monday, March 4th. BTIG Research reduced their price objective on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, Wells Fargo & Company lowered their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and a consensus price target of $19.93.

Insider Transactions at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,296 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $17.04, for a total value of $39,123.84. Following the completion of the sale, the chief executive officer now owns 187,468 shares in the company, valued at $3,194,454.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Katharine A. Keenan sold 2,296 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $17.04, for a total value of $39,123.84. Following the completion of the transaction, the chief executive officer now directly owns 187,468 shares in the company, valued at $3,194,454.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Katharine A. Keenan sold 4,508 shares of Blackstone Mortgage Trust stock in a transaction on Monday, June 17th. The stock was sold at an average price of $17.53, for a total transaction of $79,025.24. Following the sale, the chief executive officer now owns 182,960 shares in the company, valued at approximately $3,207,288.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,057 shares of company stock worth $191,141. 0.93% of the stock is currently owned by company insiders.

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.