Cinctive Capital Management LP Acquires New Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Cinctive Capital Management LP acquired a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 74,226 shares of the real estate investment trust's stock, valued at approximately $1,292,000.

Other hedge funds also recently made changes to their positions in the company. Handelsbanken Fonder AB raised its holdings in Blackstone Mortgage Trust by 17.5% during the fourth quarter. Handelsbanken Fonder AB now owns 57,051 shares of the real estate investment trust's stock valued at $993,000 after acquiring an additional 8,500 shares during the period. Norges Bank bought a new stake in Blackstone Mortgage Trust during the 4th quarter valued at approximately $35,662,000. Raymond James Financial Inc. purchased a new position in Blackstone Mortgage Trust in the 4th quarter worth approximately $1,326,000. Principal Financial Group Inc. boosted its stake in Blackstone Mortgage Trust by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust's stock worth $14,607,000 after purchasing an additional 20,487 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Blackstone Mortgage Trust by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust's stock valued at $44,134,000 after buying an additional 121,633 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Price Performance

BXMT traded up $1.16 on Wednesday, reaching $18.33. 3,110,203 shares of the stock were exchanged, compared to its average volume of 1,820,827. The company's 50-day moving average price is $19.78 and its 200 day moving average price is $18.88. The firm has a market capitalization of $3.15 billion, a PE ratio of -15.67 and a beta of 1.22. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. As a group, equities analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.26%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -160.68%.

Analyst Upgrades and Downgrades

Several analysts have commented on BXMT shares. Keefe, Bruyette & Woods decreased their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research note on Monday. UBS Group boosted 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. JPMorgan Chase & Co. raised their price target on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Finally, Wolfe Research raised Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $20.75.

Insider Buying and Selling

In other news, CEO Katharine A. Keenan sold 2,315 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the transaction, the chief executive officer now directly owns 246,172 shares in the company, valued at $5,095,760.40. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is owned by corporate insiders.

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.