Childress Capital Advisors LLC decreased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 79.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,797 shares of the real estate investment trust's stock after selling 57,600 shares during the quarter. Childress Capital Advisors LLC's holdings in Blackstone Mortgage Trust were worth $258,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in BXMT. True North Advisors LLC raised its position in shares of Blackstone Mortgage Trust by 2.4% during 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. AQR Capital Management LLC increased its stake in Blackstone Mortgage Trust by 2.5% in the second quarter. AQR Capital Management LLC now owns 44,940 shares of the real estate investment trust's stock valued at $783,000 after purchasing an additional 1,111 shares during the last quarter. MBM Wealth Consultants LLC raised its holdings in Blackstone Mortgage Trust by 9.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 1,208 shares in the last quarter. Glassy Mountain Advisors Inc. lifted its position in shares of Blackstone Mortgage Trust by 2.6% during the 3rd quarter. Glassy Mountain Advisors Inc. now owns 61,445 shares of the real estate investment trust's stock worth $1,168,000 after buying an additional 1,534 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Blackstone Mortgage Trust by 11.4% in the 3rd quarter. FMR LLC now owns 17,812 shares of the real estate investment trust's stock valued at $339,000 after buying an additional 1,827 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on BXMT shares. Keefe, Bruyette & Woods reduced their price target on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. 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 report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.14.
Get Our Latest Research Report on BXMT
Blackstone Mortgage Trust Price Performance
Shares of BXMT stock traded down $0.22 during midday trading on Friday, hitting $18.69. The company had a trading volume of 1,096,820 shares, compared to its average volume of 1,572,037. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -13.44 and a beta of 1.50. The company's 50 day simple moving average is $18.22 and its 200 day simple moving average is $18.34. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $20.73.
Blackstone Mortgage Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given 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 10.06%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -135.25%.
About Blackstone Mortgage Trust
(
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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