Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 364,095 shares of the real estate investment trust’s stock after buying an additional 26,346 shares during the period. Wellington Management Group LLP owned about 0.21% of Blackstone Mortgage Trust worth $7,744,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 worth $405,492,000 after purchasing an additional 2,470,412 shares during the last quarter. Blackstone Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 9.5% during the 4th quarter. Blackstone Inc. now owns 7,948,955 shares of the real estate investment trust’s stock worth $169,074,000 after purchasing an additional 686,881 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $53,850,000 after purchasing an additional 106,670 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Blackstone Mortgage Trust by 22.7% during the 3rd quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust’s stock worth $48,260,000 after purchasing an additional 410,722 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 45.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust’s stock worth $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.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,296 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 187,468 shares in the company, valued at $3,194,454.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,296 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 187,468 shares in the company, valued at $3,194,454.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 4,508 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $17.53, for a total transaction of $79,025.24. Following the completion of the transaction, the chief executive officer now owns 182,960 shares of the company’s stock, valued at approximately $3,207,288.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,057 shares of company stock worth $191,141. Corporate insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group lowered their target price on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $21.00 in a report on Monday, March 4th. 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 Thursday, April 25th. Wells Fargo & Company decreased their price objective on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Finally, BTIG Research decreased their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price of $19.93.

Blackstone Mortgage Trust Trading Down 2.6 %

Shares of BXMT stock opened at $17.42 on Friday. The firm has a fifty day moving average price of $17.78 and a 200 day moving average price of $19.42. The company has a market cap of $3.02 billion, a P/E ratio of 580.67 and a beta of 1.47. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.70 and a 12 month high of $23.82.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 14.24%. Blackstone Mortgage Trust’s payout ratio is currently 8,266.67%.

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.