Advisors Asset Management Inc. Has $3.65 Million Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Advisors Asset Management Inc. raised its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 21.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 209,878 shares of the real estate investment trust's stock after buying an additional 36,844 shares during the quarter. Advisors Asset Management Inc. owned 0.12% of Blackstone Mortgage Trust worth $3,654,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BXMT. Natixis Advisors LLC acquired a new stake in Blackstone Mortgage Trust in the 3rd quarter worth $211,000. Quest Partners LLC lifted its stake in shares of Blackstone Mortgage Trust by 1,700.7% in the third quarter. Quest Partners LLC now owns 18,907 shares of the real estate investment trust's stock valued at $359,000 after buying an additional 17,857 shares during the period. Intech Investment Management LLC acquired a new stake in Blackstone Mortgage Trust during the third quarter worth about $821,000. Penserra Capital Management LLC raised its holdings in Blackstone Mortgage Trust by 23.0% in the 3rd quarter. Penserra Capital Management LLC now owns 56,422 shares of the real estate investment trust's stock valued at $1,072,000 after acquiring an additional 10,540 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its position in shares of Blackstone Mortgage Trust by 58.6% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 37,900 shares of the real estate investment trust's stock worth $720,000 after acquiring an additional 14,000 shares during the period. Institutional investors and hedge funds own 64.15% of the company's stock.

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Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT traded down $0.35 during midday trading on Tuesday, reaching $20.27. The company's stock had a trading volume of 1,498,414 shares, compared to its average volume of 1,735,308. The business's fifty day simple moving average is $19.49 and its 200-day simple moving average is $18.89. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $21.24. The company has a market capitalization of $3.48 billion, a P/E ratio of -17.32 and a beta of 1.52.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 forecast that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share 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. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.27%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio is -160.68%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BXMT shares. Keefe, Bruyette & Woods upped their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "market perform" rating in a research note on Thursday, February 13th. 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 note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Finally, UBS Group increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.67.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the transaction, the chief executive officer now directly owns 246,172 shares in the company, valued at approximately $5,095,760.40. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 5,652 shares of company stock worth $116,971. Insiders own 0.93% of the company's stock.

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.