GFS Advisors LLC Has $8.90 Million Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

GFS Advisors LLC increased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 511,180 shares of the real estate investment trust's stock after purchasing an additional 52,750 shares during the quarter. Blackstone Mortgage Trust makes up 1.4% of GFS Advisors LLC's portfolio, making the stock its 26th largest holding. GFS Advisors LLC owned approximately 0.30% of Blackstone Mortgage Trust worth $8,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Artemis Investment Management LLP bought a new position in shares of Blackstone Mortgage Trust during the third quarter valued at $24,103,000. Dupree Financial Group LLC lifted its holdings in shares of Blackstone Mortgage Trust by 98.8% during the third quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust's stock valued at $5,200,000 after acquiring an additional 135,963 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust's stock valued at $3,289,000 after acquiring an additional 108,409 shares during the period. Weiss Asset Management LP bought a new position in shares of Blackstone Mortgage Trust during the third quarter valued at $1,937,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Blackstone Mortgage Trust during the third quarter valued at $1,695,000. 64.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their target price on Blackstone Mortgage Trust from $18.50 to $17.50 and set a "neutral" rating for the company in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods lowered their target price on Blackstone Mortgage Trust from $19.00 to $18.50 and set a "market perform" rating for the company in a research note on Tuesday, January 14th. Finally, Wolfe Research upgraded Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $20.14.

Blackstone Mortgage Trust Stock Up 2.9 %

BXMT stock traded up $0.53 during midday trading on Tuesday, reaching $18.46. The stock had a trading volume of 600,833 shares, compared to its average volume of 1,577,272. The business has a fifty day simple moving average of $18.25 and a two-hundred day simple moving average of $18.35. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -13.27 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $20.73.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 10.19%. Blackstone Mortgage Trust's payout ratio is currently -135.25%.

Blackstone Mortgage Trust Company 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.