Choreo LLC Has $4.78 Million Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Choreo LLC lessened its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,609 shares of the real estate investment trust's stock after selling 38,113 shares during the quarter. Choreo LLC owned approximately 0.16% of Blackstone Mortgage Trust worth $4,775,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new position in shares of Blackstone Mortgage Trust in the third quarter worth approximately $39,000. McIlrath & Eck LLC bought a new position in Blackstone Mortgage Trust during the 3rd quarter worth approximately $63,000. Future Financial Wealth Managment LLC acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $95,000. KBC Group NV boosted its stake in shares of Blackstone Mortgage Trust by 39.3% in the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 2,145 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth $172,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Price Performance

Shares of BXMT traded up $0.25 during trading hours on Thursday, hitting $18.87. The stock had a trading volume of 1,707,921 shares, compared to its average volume of 1,591,838. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $20.73. The firm has a market capitalization of $3.26 billion, a P/E ratio of -13.57 and a beta of 1.50. The firm has a 50 day simple moving average of $18.23 and a 200-day simple moving average of $18.34.

Blackstone Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.96%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -135.25%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BXMT. Wolfe Research upgraded 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. Keefe, Bruyette & Woods dropped their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a "market perform" rating on the stock in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. decreased 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.14.

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.