Geode Capital Management LLC Sells 27,218 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Geode Capital Management LLC trimmed its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,001,074 shares of the real estate investment trust's stock after selling 27,218 shares during the quarter. Geode Capital Management LLC owned about 2.31% of Blackstone Mortgage Trust worth $69,676,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Blackstone Mortgage Trust during the 4th quarter valued at about $35,662,000. Charles Schwab Investment Management Inc. boosted its position in Blackstone Mortgage Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust's stock worth $44,134,000 after purchasing an additional 121,633 shares during the period. Raymond James Financial Inc. acquired a new position in Blackstone Mortgage Trust during the fourth quarter valued at approximately $1,326,000. Vanguard Group Inc. raised its position in shares of Blackstone Mortgage Trust by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 18,398,374 shares of the real estate investment trust's stock valued at $320,316,000 after purchasing an additional 63,338 shares during the period. Finally, Condor Capital Management lifted its stake in shares of Blackstone Mortgage Trust by 61.9% in the fourth quarter. Condor Capital Management now owns 152,155 shares of the real estate investment trust's stock worth $2,649,000 after buying an additional 58,165 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT traded up $0.19 on Thursday, hitting $18.28. 262,655 shares of the company were exchanged, compared to its average volume of 1,803,365. The company's 50 day moving average price is $19.72 and its two-hundred day moving average price is $18.82. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -15.62 and a beta of 1.22.

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 (EPS) for the quarter, beating 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%. Research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.28%. Blackstone Mortgage Trust's payout ratio is -160.68%.

Analyst Ratings Changes

BXMT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods lowered their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research report on Monday, April 7th. Finally, UBS Group cut their price objective on Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating for the company in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Blackstone Mortgage Trust has an average rating of "Hold" and a consensus target price of $20.25.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,315 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.70, for a total value of $47,920.50. Following the sale, the chief executive officer now owns 246,172 shares of the company's stock, valued at $5,095,760.40. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 5,652 shares of company stock valued at $116,971 over the last ninety days. 0.93% of the stock is owned by company insiders.

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.