Edgestream Partners L.P. Boosts Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Edgestream Partners L.P. boosted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 96.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,609 shares of the real estate investment trust’s stock after purchasing an additional 68,475 shares during the period. Edgestream Partners L.P. owned about 0.08% of Blackstone Mortgage Trust worth $2,432,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at approximately $38,747,000. Cibc World Markets Corp bought a new stake in Blackstone Mortgage Trust in the fourth quarter valued at $1,222,000. Quadrature Capital Ltd increased its position in Blackstone Mortgage Trust by 229.8% during the 1st quarter. Quadrature Capital Ltd now owns 49,743 shares of the real estate investment trust’s stock valued at $990,000 after purchasing an additional 34,659 shares during the period. Transcend Capital Advisors LLC raised its holdings in Blackstone Mortgage Trust by 160.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 69,264 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 42,623 shares in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in Blackstone Mortgage Trust in the 1st quarter worth $1,069,000. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Up 0.9 %

BXMT stock opened at $19.63 on Thursday. The business has a 50 day moving average of $18.26 and a 200 day moving average of $18.37. The firm has a market cap of $3.41 billion, a PE ratio of 654.33 and a beta of 1.49. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $23.54.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Blackstone Mortgage Trust had a negative net margin of 7.98% and a positive return on equity of 10.16%. The firm had revenue of $466.15 million for the quarter, compared to the consensus estimate of $131.87 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, research analysts expect that Blackstone Mortgage Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date is Monday, September 30th. Blackstone Mortgage Trust’s payout ratio is currently 8,266.67%.

Insider Activity at Blackstone Mortgage Trust

In related news, Director Timothy Steven Johnson bought 57,050 shares of the stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $17.50 per share, for a total transaction of $998,375.00. Following the purchase, the director now owns 423,251 shares of the company’s stock, valued at $7,406,892.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Timothy Steven Johnson bought 57,050 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of $17.50 per share, for a total transaction of $998,375.00. Following the purchase, the director now owns 423,251 shares in the company, valued at $7,406,892.50. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Katharine A. Keenan purchased 16,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $17.16 per share, for a total transaction of $274,560.00. Following the completion of the purchase, the chief executive officer now owns 198,960 shares in the company, valued at $3,414,153.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 83,050 shares of company stock valued at $1,448,135 and have sold 1,495 shares valued at $27,899. 0.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

BXMT has been the topic of several research analyst reports. Wells Fargo & Company reduced their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. BTIG Research reissued a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a research report on Friday, July 19th. Wolfe Research began coverage on Blackstone Mortgage Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.00 price objective on shares of Blackstone Mortgage Trust in a research report on Tuesday, June 18th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.58.

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.