Fmr LLC Purchases 1,827 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Fmr LLC lifted its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,812 shares of the real estate investment trust’s stock after acquiring an additional 1,827 shares during the period. Fmr LLC’s holdings in Blackstone Mortgage Trust were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BXMT. Wealth Enhancement Advisory Services LLC raised its stake in shares of Blackstone Mortgage Trust by 6.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,997 shares of the real estate investment trust’s stock worth $505,000 after purchasing an additional 1,648 shares during the last quarter. Raymond James & Associates raised its position in Blackstone Mortgage Trust by 9.7% in the 2nd quarter. Raymond James & Associates now owns 74,341 shares of the real estate investment trust’s stock worth $1,295,000 after buying an additional 6,558 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Blackstone Mortgage Trust by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 87,300 shares of the real estate investment trust’s stock valued at $1,521,000 after acquiring an additional 2,000 shares during the period. Institute for Wealth Management LLC. boosted its holdings in shares of Blackstone Mortgage Trust by 2.4% during the 2nd quarter. Institute for Wealth Management LLC. now owns 67,634 shares of the real estate investment trust’s stock valued at $1,178,000 after acquiring an additional 1,586 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Blackstone Mortgage Trust by 29.1% in the second quarter. Nations Financial Group Inc. IA ADV now owns 360,074 shares of the real estate investment trust’s stock worth $6,272,000 after acquiring an additional 81,233 shares during the period. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock opened at $17.73 on Friday. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $23.10. The company’s fifty day simple moving average is $18.66 and its 200-day simple moving average is $18.34. The stock has a market capitalization of $3.07 billion, a PE ratio of -12.76 and a beta of 1.50.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.60%. The ex-dividend date is Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio is presently -135.25%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BXMT. Wells Fargo & Company increased their price objective on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Blackstone Mortgage Trust currently has an average rating of “Hold” and an average price target of $20.07.

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.