Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC boosted its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 219.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 60,368 shares of the real estate investment trust's stock after purchasing an additional 41,461 shares during the quarter. AlphaQuest LLC's holdings in Blackstone Mortgage Trust were worth $1,051,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust's stock worth $44,134,000 after buying an additional 121,633 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Blackstone Mortgage Trust by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust's stock valued at $14,607,000 after acquiring an additional 20,487 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Blackstone Mortgage Trust by 1.4% during the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust's stock valued at $11,319,000 after purchasing an additional 8,444 shares during the period. GFS Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 11.5% in the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust's stock valued at $8,900,000 after buying an additional 52,750 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Blackstone Mortgage Trust by 2.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 367,806 shares of the real estate investment trust's stock worth $6,992,000 after purchasing an additional 7,732 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company's stock.

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Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,323 shares of Blackstone Mortgage Trust stock in a transaction dated 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 sale, the chief executive officer now owns 248,487 shares in the company, valued at $5,143,680.90. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 3,345 shares of company stock valued at $68,265 in the last three months. 0.93% of the stock is currently owned by corporate insiders.

Blackstone Mortgage Trust Trading Up 2.6 %

Blackstone Mortgage Trust stock traded up $0.52 during mid-day trading on Friday, hitting $20.61. 1,193,409 shares of the company's stock were exchanged, compared to its average volume of 1,747,716. The stock has a market cap of $3.54 billion, a P/E ratio of -17.61 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $21.09. The stock has a 50 day moving average of $19.04 and a two-hundred day moving average of $18.75.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) 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%. As a group, research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal 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 given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.12%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is currently -160.68%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BXMT shares. UBS Group boosted their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods raised their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "market perform" rating in a report 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 target price on the stock in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price objective 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Blackstone Mortgage Trust currently has a consensus rating of "Hold" and a consensus target price of $20.67.

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.