Charles Schwab Investment Management Inc. raised its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,534,980 shares of the real estate investment trust's stock after purchasing an additional 121,633 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.47% of Blackstone Mortgage Trust worth $44,134,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of BXMT. Sheaff Brock Investment Advisors LLC acquired a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at approximately $715,000. Natixis Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $211,000. Chesapeake Capital Corp IL acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $375,000. Quest Partners LLC grew its position in shares of Blackstone Mortgage Trust by 1,700.7% in the 3rd quarter. Quest Partners LLC now owns 18,907 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 17,857 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Blackstone Mortgage Trust by 167.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust's stock worth $3,289,000 after acquiring an additional 108,409 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company's stock.
Blackstone Mortgage Trust Stock Up 0.4 %
Blackstone Mortgage Trust stock traded up $0.09 during mid-day trading on Tuesday, hitting $20.94. 1,806,483 shares of the company's stock traded hands, compared to its average volume of 1,744,393. The firm has a 50 day moving average price of $19.15 and a 200 day moving average price of $18.79. The company has a market cap of $3.59 billion, a PE ratio of -17.89 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $21.09.
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 EPS for the quarter, topping analysts' consensus estimates 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%. On average, analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.
Blackstone Mortgage Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust's payout ratio is -160.68%.
Analysts Set New Price Targets
BXMT has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods lifted their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. UBS Group lifted their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. 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 report on Wednesday, December 11th. Four equities research 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, Blackstone Mortgage Trust currently has a consensus rating of "Hold" and an average price target of $20.67.
Read Our Latest Stock Analysis on Blackstone Mortgage Trust
Insider Buying and Selling
In related news, CEO Katharine A. Keenan sold 2,323 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total value of $48,086.10. Following the transaction, the chief executive officer now directly owns 248,487 shares in the company, valued at $5,143,680.90. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.93% of the company's stock.
Blackstone Mortgage Trust Profile
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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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