Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC lifted its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,886 shares of the real estate investment trust’s stock after buying an additional 1,490 shares during the period. Corient Private Wealth LLC’s holdings in Blackstone Mortgage Trust were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BXMT. Smartleaf Asset Management LLC lifted its position in Blackstone Mortgage Trust by 125.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,204 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at about $63,000. Steward Partners Investment Advisory LLC increased its position in Blackstone Mortgage Trust by 114.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,003 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 3,736 shares during the last quarter. KBC Group NV raised its stake in Blackstone Mortgage Trust by 39.3% during the fourth 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 period. Finally, Farther Finance Advisors LLC raised its stake in Blackstone Mortgage Trust by 1,416.7% during the fourth quarter. Farther Finance Advisors LLC now owns 9,631 shares of the real estate investment trust’s stock worth $168,000 after purchasing an additional 8,996 shares during the period. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. 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. Keefe, Bruyette & Woods upped their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research note on Thursday, February 13th. Finally, UBS Group increased their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.67.

Blackstone Mortgage Trust Price Performance

NYSE BXMT opened at $19.86 on Friday. The company has a market cap of $3.41 billion, a P/E ratio of -16.97 and a beta of 1.52. The stock has a 50-day moving average of $19.65 and a two-hundred day moving average of $18.93. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $21.24.

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

Blackstone Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.47%. Blackstone Mortgage Trust’s dividend payout ratio is currently -160.68%.

Insiders Place Their Bets

In related news, CEO Katharine A. Keenan sold 2,315 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the transaction, the chief executive officer now directly owns 246,172 shares of the company’s stock, valued at $5,095,760.40. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 5,652 shares of company stock worth $116,971 in the last 90 days. Corporate insiders own 0.93% of the company’s stock.

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.