Aster Capital Management DIFC Ltd bought a new stake in 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. The firm bought 23,267 shares of the real estate investment trust's stock, valued at approximately $405,000.
Several other hedge funds also recently made changes to their positions in BXMT. Handelsbanken Fonder AB boosted its stake in Blackstone Mortgage Trust by 17.5% in the 4th quarter. Handelsbanken Fonder AB now owns 57,051 shares of the real estate investment trust's stock worth $993,000 after purchasing an additional 8,500 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth approximately $4,952,000. Norges Bank bought a new stake in Blackstone Mortgage Trust during the fourth quarter valued at about $35,662,000. Raymond James Financial Inc. purchased a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth $1,326,000. Finally, Principal Financial Group Inc. grew its position 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 purchasing an additional 20,487 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Keefe, Bruyette & Woods dropped their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a research note on Monday, April 7th. Finally, UBS Group upped their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $20.75.
Read Our Latest Stock Report on BXMT
Insider Activity at Blackstone Mortgage Trust
In related news, CEO Katharine A. Keenan sold 2,315 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 5,652 shares of company stock valued at $116,971 in the last ninety days. Company insiders own 0.93% of the company's stock.
Blackstone Mortgage Trust Stock Up 0.5 %
Shares of Blackstone Mortgage Trust stock traded up $0.09 during trading on Friday, reaching $17.49. The company's stock had a trading volume of 3,072,487 shares, compared to its average volume of 1,816,753. The company has a 50-day simple moving average of $19.75 and a two-hundred day simple moving average of $18.85. 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 cap of $3.00 billion, a price-to-earnings ratio of -14.95 and a beta of 1.22.
Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share 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%. As a group, analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.
Blackstone Mortgage Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.75%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -160.68%.
Blackstone Mortgage Trust Profile
(
Free Report)
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.
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