HUB Investment Partners LLC Lowers Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

HUB Investment Partners LLC decreased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 63.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,128 shares of the real estate investment trust's stock after selling 42,384 shares during the period. HUB Investment Partners LLC's holdings in Blackstone Mortgage Trust were worth $420,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BXMT. Handelsbanken Fonder AB boosted its position in shares of 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 buying an additional 8,500 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Blackstone Mortgage Trust by 2.5% during 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 acquiring an additional 20,487 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Blackstone Mortgage Trust by 5.0% in the 4th 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 acquiring an additional 121,633 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at about $821,000. Finally, Tidal Investments LLC bought a new position in shares of Blackstone Mortgage Trust during the third quarter valued at about $883,000. 64.15% of the stock is owned by institutional investors.

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Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,315 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction 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 at this link. In the last ninety days, insiders have sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BXMT shares. JPMorgan Chase & Co. upped their price objective on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. UBS Group upped their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods lifted their price target 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. Finally, Wolfe Research upgraded Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.67.

Blackstone Mortgage Trust Trading Up 0.0 %

Shares of BXMT traded up $0.00 during midday trading on Wednesday, reaching $20.29. The stock had a trading volume of 1,060,028 shares, compared to its average volume of 1,730,025. 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 capitalization of $3.48 billion, a price-to-earnings ratio of -17.34 and a beta of 1.52. The company's 50-day moving average is $19.54 and its 200 day moving average is $18.90.

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

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.26%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is currently -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.