Cibc World Markets Corp Takes Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Cibc World Markets Corp acquired a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,250 shares of the real estate investment trust's stock, valued at approximately $283,000.

Other large investors have also recently made changes to their positions in the company. True North Advisors LLC increased its holdings in shares of Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust's stock worth $418,000 after buying an additional 558 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Blackstone Mortgage Trust by 1.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $666,000 after purchasing an additional 624 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Blackstone Mortgage Trust by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock valued at $294,000 after purchasing an additional 785 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Blackstone Mortgage Trust by 9.1% in the 4th quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock worth $175,000 after purchasing an additional 841 shares during the period. Finally, Principal Securities Inc. increased its position in shares of Blackstone Mortgage Trust by 7.6% during the 4th quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust's stock valued at $248,000 after purchasing an additional 1,007 shares during the last quarter. 64.15% of the stock is owned by institutional investors.

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Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,323 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $20.70, for a total value of $48,086.10. Following the completion of the transaction, the chief executive officer now owns 248,487 shares of the company's stock, valued at $5,143,680.90. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 5,652 shares of company stock valued at $116,971 over the last three months. 0.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

BXMT has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods lifted their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "market perform" rating in a research note on Thursday, February 13th. Wolfe Research raised shares of Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a research report on Wednesday, December 11th. Finally, UBS Group upped their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $20.67.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT traded down $0.43 during trading on Friday, reaching $19.86. 1,372,520 shares of the company were exchanged, compared to its average volume of 1,784,675. The business's fifty day simple moving average is $19.65 and its 200-day simple moving average is $18.93. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $21.24. The firm has a market capitalization of $3.41 billion, a PE ratio of -16.97 and a beta of 1.52.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate 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 anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.47%. Blackstone Mortgage Trust's payout ratio is currently -160.68%.

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.