Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock Holdings Lifted by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 114.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,003 shares of the real estate investment trust’s stock after purchasing an additional 3,736 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Blackstone Mortgage Trust were worth $122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in shares of Blackstone Mortgage Trust by 125.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,204 shares in the last quarter. McIlrath & Eck LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter worth about $63,000. KBC Group NV lifted its position in shares of Blackstone Mortgage Trust by 39.3% during the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,145 shares during the last quarter. IFP Advisors Inc raised its holdings in Blackstone Mortgage Trust by 9.1% in the 4th quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 841 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Blackstone Mortgage Trust in the 4th quarter valued at approximately $172,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group upped their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods increased their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. increased their price target on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.67.

Insider Activity

In other news, CEO Katharine A. Keenan sold 2,323 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total value of $48,086.10. Following the transaction, the chief executive officer now owns 248,487 shares of the company’s stock, valued at $5,143,680.90. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 3,345 shares of company stock valued at $68,265 in the last 90 days. 0.93% of the stock is owned by company insiders.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $20.61 on Monday. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -17.61 and a beta of 1.52. The business’s fifty day moving average price is $19.09 and its two-hundred day moving average price is $18.78. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $21.09.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. As a group, research analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.12%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently -160.68%.

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.