Condor Capital Management Has $2.65 Million Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Condor Capital Management boosted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 61.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 152,155 shares of the real estate investment trust's stock after acquiring an additional 58,165 shares during the quarter. Condor Capital Management owned 0.09% of Blackstone Mortgage Trust worth $2,649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Xponance Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 10.2% during the fourth quarter. Xponance Inc. now owns 12,552 shares of the real estate investment trust's stock worth $219,000 after purchasing an additional 1,160 shares during the period. Intech Investment Management LLC boosted its stake in shares of Blackstone Mortgage Trust by 62.5% during the 4th quarter. Intech Investment Management LLC now owns 70,201 shares of the real estate investment trust's stock valued at $1,222,000 after buying an additional 27,003 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Blackstone Mortgage Trust by 21.3% during the 4th quarter. Advisors Asset Management Inc. now owns 209,878 shares of the real estate investment trust's stock valued at $3,654,000 after acquiring an additional 36,844 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 11.0% during the 4th quarter. Parallel Advisors LLC now owns 32,150 shares of the real estate investment trust's stock valued at $560,000 after acquiring an additional 3,186 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth $283,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

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Blackstone Mortgage Trust Trading Down 0.3 %

BXMT traded down $0.07 during trading on Monday, hitting $20.68. The stock had a trading volume of 1,168,782 shares, compared to its average volume of 1,735,404. The firm has a market cap of $3.55 billion, a PE ratio of -17.67 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $21.24. The company has a 50 day simple moving average of $19.49 and a 200-day simple moving average of $18.89.

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 earnings per share for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

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 given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is currently -160.68%.

Analysts Set New Price Targets

A number of brokerages have commented on BXMT. Wolfe Research upgraded Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 target price on the stock in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods increased their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "market perform" rating in a report on Thursday, February 13th. UBS Group boosted their target price on shares of 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, JPMorgan Chase & Co. raised their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Blackstone Mortgage Trust currently has a consensus rating of "Hold" and a consensus price target of $20.67.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,315 shares of the business's stock in a transaction dated 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is owned by company insiders.

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.