Alpine Global Management LLC Invests $2.18 Million in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Alpine Global Management LLC acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 125,000 shares of the real estate investment trust's stock, valued at approximately $2,176,000. Alpine Global Management LLC owned 0.07% of Blackstone Mortgage Trust as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BXMT. Norges Bank bought a new position in Blackstone Mortgage Trust during the fourth quarter worth about $35,662,000. ExodusPoint Capital Management LP bought a new stake in shares of Blackstone Mortgage Trust in the 4th quarter valued at approximately $4,952,000. Senvest Management LLC acquired a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $3,917,000. Mesirow Institutional Investment Management Inc. lifted its position in shares of Blackstone Mortgage Trust by 25.6% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,096,110 shares of the real estate investment trust's stock worth $19,083,000 after buying an additional 223,461 shares during the period. Finally, Advisors Capital Management LLC lifted its position in shares of Blackstone Mortgage Trust by 25.3% during the 4th quarter. Advisors Capital Management LLC now owns 976,489 shares of the real estate investment trust's stock worth $17,001,000 after buying an additional 197,154 shares during the period. 64.15% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Ratings Changes

BXMT has been the subject of several recent analyst reports. UBS Group dropped their price objective on Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a report on Monday, April 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $20.25.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT traded up $0.04 during midday trading on Friday, reaching $18.73. The company's stock had a trading volume of 661,628 shares, compared to its average volume of 1,765,394. The business's fifty day simple moving average is $19.60 and its 200-day simple moving average is $18.83. The company has a market capitalization of $3.21 billion, a P/E ratio of -16.01 and a beta of 1.22. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24.

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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.04%. The ex-dividend date of this dividend was Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio is -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.