Private Trust Co. NA cut its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 53.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,633 shares of the real estate investment trust’s stock after selling 4,217 shares during the quarter. Private Trust Co. NA’s holdings in Blackstone Mortgage Trust were worth $77,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Central Bank & Trust Co. purchased a new position in Blackstone Mortgage Trust during the 4th quarter worth $25,000. Versant Capital Management Inc lifted its position in Blackstone Mortgage Trust by 447.5% during the 3rd quarter. Versant Capital Management Inc now owns 1,336 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,092 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in Blackstone Mortgage Trust during the 2nd quarter worth about $29,000. Chilton Capital Management LLC acquired a new stake in Blackstone Mortgage Trust during the 1st quarter worth about $36,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in Blackstone Mortgage Trust during the 3rd quarter worth about $37,000. 64.15% of the stock is currently owned by hedge funds and other institutional investors.
Blackstone Mortgage Trust Trading Down 4.6 %
NYSE BXMT opened at $18.63 on Thursday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 13.21 and a beta of 1.42. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.75 and a twelve month high of $23.82. The stock has a 50-day moving average of $19.63 and a 200 day moving average of $20.82.
Blackstone Mortgage Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 13.31%. Blackstone Mortgage Trust’s payout ratio is 175.89%.
Analysts Set New Price Targets
BXMT has been the subject of several analyst reports. UBS Group decreased their price objective on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday. Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $21.00 in a report on Monday, March 4th. Finally, Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $21.17.
Check Out Our Latest Analysis on Blackstone Mortgage Trust
Insider Buying and Selling
In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the sale, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the sale, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Katharine A. Keenan sold 2,274 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the sale, the chief executive officer now owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,540 shares of company stock valued at $112,642. 1.02% of the stock is owned by company insiders.
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.
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