Nisa Investment Advisors LLC Cuts Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Nisa Investment Advisors LLC trimmed its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,742 shares of the real estate investment trust’s stock after selling 16,876 shares during the period. Nisa Investment Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $945,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Artemis Investment Management LLP purchased a new position in Blackstone Mortgage Trust during the third quarter worth approximately $24,103,000. Van ECK Associates Corp grew its holdings in Blackstone Mortgage Trust by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after buying an additional 38,436 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter worth $10,656,000. Rockefeller Capital Management L.P. raised its holdings in shares of Blackstone Mortgage Trust by 1.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock worth $11,319,000 after acquiring an additional 8,444 shares during the period. Finally, GFS Advisors LLC boosted its position in shares of Blackstone Mortgage Trust by 9,068.6% during the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock valued at $8,715,000 after acquiring an additional 453,430 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Up 2.3 %

NYSE:BXMT opened at $18.20 on Tuesday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $21.50. The company has a fifty day simple moving average of $18.33 and a two-hundred day simple moving average of $18.40. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -13.09 and a beta of 1.50.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 10.33%. Blackstone Mortgage Trust’s payout ratio is -135.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Finally, Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.14.

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.