KBC Group NV Increases Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

KBC Group NV increased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 39.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,601 shares of the real estate investment trust’s stock after buying an additional 2,145 shares during the period. KBC Group NV’s holdings in Blackstone Mortgage Trust were worth $132,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BXMT. True North Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust by 2.4% in the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock worth $418,000 after acquiring an additional 558 shares during the period. MBM Wealth Consultants LLC lifted its holdings in Blackstone Mortgage Trust by 9.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 1,208 shares in the last quarter. Diversify Advisory Services LLC bought a new position in Blackstone Mortgage Trust in the 4th quarter worth approximately $172,000. Tidal Investments LLC purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at approximately $883,000. Finally, Virtu Financial LLC bought a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $350,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Wall Street Analyst Weigh In

BXMT has been the subject of a number of research reports. Wolfe Research upgraded shares of 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 report on Wednesday, December 11th. Keefe, Bruyette & Woods cut their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced their target price on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and an average price target of $20.14.

Blackstone Mortgage Trust Trading Up 1.3 %

Shares of NYSE:BXMT opened at $18.87 on Friday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of -13.57 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $20.73. The company has a 50-day moving average price of $18.23 and a 200 day moving average price of $18.34.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -135.25%.

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.