Edgemoor Investment Advisors Inc. Sells 38,098 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Edgemoor Investment Advisors Inc. lowered its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 272,254 shares of the real estate investment trust's stock after selling 38,098 shares during the period. Edgemoor Investment Advisors Inc. owned about 0.16% of Blackstone Mortgage Trust worth $4,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BXMT. Parallel Advisors LLC increased its stake in shares of Blackstone Mortgage Trust by 11.0% in the fourth quarter. Parallel Advisors LLC now owns 32,150 shares of the real estate investment trust's stock valued at $560,000 after purchasing an additional 3,186 shares during the period. Cibc World Markets Corp bought a new stake in Blackstone Mortgage Trust during the 4th quarter valued at $283,000. Corient Private Wealth LLC boosted its position in Blackstone Mortgage Trust by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 38,886 shares of the real estate investment trust's stock worth $677,000 after acquiring an additional 1,490 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Blackstone Mortgage Trust by 24.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,563 shares of the real estate investment trust's stock worth $271,000 after purchasing an additional 3,038 shares in the last quarter. Finally, one8zero8 LLC acquired a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at $192,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Blackstone Mortgage Trust 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 value of $47,920.50. Following the transaction, the chief executive officer now 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 document filed with the SEC, which is available through the SEC website. Over the last three months, insiders sold 5,652 shares of company stock worth $116,971. 0.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BXMT shares. Wolfe Research upgraded shares of 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. JPMorgan Chase & Co. raised their target price on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. UBS Group boosted their price target 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, Keefe, Bruyette & Woods lifted their price objective on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "market perform" rating in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.67.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT traded down $0.36 during mid-day trading on Friday, hitting $20.71. The stock had a trading volume of 3,148,151 shares, compared to its average volume of 1,741,473. The company's 50 day moving average is $19.36 and its 200-day moving average is $18.84. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $21.24. The company has a market cap of $3.55 billion, a PE ratio of -17.70 and a beta of 1.52.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating 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, equities research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -160.68%.

About Blackstone Mortgage Trust

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.