Amundi Buys 56,654 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Amundi lifted its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 185.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,220 shares of the real estate investment trust's stock after buying an additional 56,654 shares during the quarter. Amundi owned about 0.05% of Blackstone Mortgage Trust worth $1,531,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BXMT. True North Advisors LLC raised its position in shares of Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust's stock worth $418,000 after acquiring an additional 558 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its holdings in Blackstone Mortgage Trust by 1.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust's stock worth $666,000 after purchasing an additional 624 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Blackstone Mortgage Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock valued at $294,000 after buying an additional 785 shares during the period. IFP Advisors Inc lifted its stake in Blackstone Mortgage Trust by 9.1% in the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock valued at $175,000 after buying an additional 841 shares during the period. Finally, Principal Securities Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 7.6% during the 4th quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust's stock worth $248,000 after buying an additional 1,007 shares in the last quarter. Institutional investors own 64.15% of the company's stock.

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Insider Activity

In related news, CEO Katharine A. Keenan sold 2,323 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total transaction of $48,086.10. Following the completion of the sale, the chief executive officer now directly owns 248,487 shares of the company's stock, valued at approximately $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 5,652 shares of company stock worth $116,971 over the last quarter. Insiders own 0.93% of the company's stock.

Wall Street Analyst Weigh In

BXMT has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "market perform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective 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. UBS Group raised their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Finally, Wolfe Research raised Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $20.67.

Blackstone Mortgage Trust Trading Down 1.7 %

NYSE BXMT traded down $0.36 during trading hours on Friday, hitting $20.71. The company's stock had a trading volume of 3,034,279 shares, compared to its average volume of 1,741,023. The company has a market capitalization of $3.55 billion, a PE ratio of -17.70 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $21.24. The company's 50-day simple moving average is $19.36 and its two-hundred day simple moving average is $18.84.

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, beating 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%. Research analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.08%. Blackstone Mortgage Trust's 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.