ExodusPoint Capital Management LP Makes New Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

ExodusPoint Capital Management LP bought a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 284,458 shares of the real estate investment trust's stock, valued at approximately $4,952,000. ExodusPoint Capital Management LP owned about 0.16% of Blackstone Mortgage Trust as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BXMT. Norges Bank purchased a new position in Blackstone Mortgage Trust in the fourth quarter worth approximately $35,662,000. Charles Schwab Investment Management Inc. raised its holdings in Blackstone Mortgage Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust's stock valued at $44,134,000 after buying an additional 121,633 shares during the period. Weiss Asset Management LP purchased a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at about $1,937,000. Raymond James Financial Inc. acquired a new position in Blackstone Mortgage Trust in the fourth quarter valued at about $1,326,000. Finally, Cinctive Capital Management LP purchased a new position in Blackstone Mortgage Trust during the fourth quarter worth about $1,292,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,315 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the transaction, the chief executive officer now owns 246,172 shares of the company's stock, valued at $5,095,760.40. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 5,652 shares of company stock worth $116,971 over the last ninety days. Corporate insiders own 0.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.75.

Blackstone Mortgage Trust Price Performance

Shares of NYSE BXMT traded up $0.09 during mid-day trading on Friday, hitting $17.49. The company had a trading volume of 3,072,487 shares, compared to its average volume of 1,816,753. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24. The company has a market capitalization of $3.00 billion, a PE ratio of -14.95 and a beta of 1.22. The business's 50-day simple moving average is $19.75 and its 200 day simple moving average is $18.85.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last released its 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 negative net margin of 11.54% and a positive return on equity of 8.62%. On average, analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced 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. This represents a $1.88 annualized dividend and a yield of 10.75%. The ex-dividend date of this dividend is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -160.68%.

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.