Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Position Trimmed by DT Investment Partners LLC

DT Investment Partners LLC lessened its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 18.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,900 shares of the real estate investment trust’s stock after selling 1,800 shares during the quarter. DT Investment Partners LLC’s holdings in Blackstone Mortgage Trust were worth $138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GFS Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 9,068.6% in the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock valued at $8,715,000 after buying an additional 453,430 shares in the last quarter. Dupree Financial Group LLC grew its stake in shares of Blackstone Mortgage Trust by 98.8% in the 3rd quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock valued at $5,200,000 after buying an additional 135,963 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Blackstone Mortgage Trust by 167.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock valued at $3,289,000 after buying an additional 108,409 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at approximately $1,937,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at approximately $1,695,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BXMT shares. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods boosted their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.29.

Blackstone Mortgage Trust Stock Up 3.2 %

Shares of BXMT stock opened at $19.85 on Friday. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $20.73. The firm has a market cap of $3.43 billion, a PE ratio of -14.28 and a beta of 1.50. The stock has a 50 day moving average of $18.21 and a 200-day moving average of $18.36.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 9.35% and a negative net margin of 12.91%. As a group, equities analysts predict that Blackstone Mortgage Trust, Inc. will post 1.95 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.47%. 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.