Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 537,096 shares of the real estate investment trust’s stock after selling 1,653 shares during the period. Rhumbline Advisers owned approximately 0.31% of Blackstone Mortgage Trust worth $9,351,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GFS Advisors LLC raised its holdings in 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 worth $8,715,000 after buying an additional 453,430 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock valued at $3,289,000 after acquiring an additional 108,409 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $1,937,000. Centiva Capital LP lifted its position in shares of Blackstone Mortgage Trust by 405.5% in the 3rd quarter. Centiva Capital LP now owns 60,128 shares of the real estate investment trust’s stock valued at $1,143,000 after acquiring an additional 79,809 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in Blackstone Mortgage Trust in the 3rd quarter worth approximately $883,000. 64.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BXMT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Finally, Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Wednesday, December 11th. Five 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, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and an average target price of $20.64.

Blackstone Mortgage Trust Trading Up 1.0 %

Shares of NYSE:BXMT opened at $20.45 on Tuesday. The business has a fifty day simple moving average of $18.43 and a 200 day simple moving average of $18.52. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.53 and a 1 year high of $21.09. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of -17.47 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.20%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -160.68%.

Blackstone Mortgage Trust 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.