Future Financial Wealth Managment LLC Purchases Shares of 5,500 Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Future Financial Wealth Managment LLC acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,500 shares of the real estate investment trust’s stock, valued at approximately $110,000.

Several other large investors also recently modified their holdings of the stock. Central Bank & Trust Co. acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth approximately $25,000. Cape Investment Advisory Inc. acquired a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth approximately $42,000. GAMMA Investing LLC acquired a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth approximately $45,000. Creekmur Asset Management LLC bought a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth $51,000. Finally, Sandy Spring Bank grew its position in Blackstone Mortgage Trust by 10,652.0% in the 4th quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,663 shares during the period. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Down 1.6 %

Blackstone Mortgage Trust stock opened at $17.90 on Friday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.70 and a 52 week high of $23.82. The company’s 50 day moving average price is $17.80 and its two-hundred day moving average price is $19.45. The stock has a market cap of $3.11 billion, a P/E ratio of 596.67 and a beta of 1.47.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, June 28th. This represents a $2.48 annualized dividend and a yield of 13.85%. Blackstone Mortgage Trust’s dividend payout ratio is currently 8,266.67%.

Analyst Upgrades and Downgrades

BXMT has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. BTIG Research dropped their price target on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $18.00 price target on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 18th. Wolfe Research assumed coverage on Blackstone Mortgage Trust in a research note on Tuesday. They issued a “peer perform” rating for the company. Finally, Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $22.00 to $21.00 in a research report on Monday, March 4th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.93.

Insider Buying and Selling at Blackstone Mortgage Trust

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

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.