Intech Investment Management LLC Grows Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Intech Investment Management LLC lifted its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 62.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,201 shares of the real estate investment trust's stock after buying an additional 27,003 shares during the period. Intech Investment Management LLC's holdings in Blackstone Mortgage Trust were worth $1,222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BXMT. True North Advisors LLC boosted its position in shares of Blackstone Mortgage Trust by 2.4% during the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust's stock valued at $418,000 after buying an additional 558 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in Blackstone Mortgage Trust by 1.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $666,000 after acquiring an additional 624 shares during the period. CIBC Asset Management Inc grew its position in Blackstone Mortgage Trust by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock valued at $294,000 after acquiring an additional 785 shares during the last quarter. IFP Advisors Inc increased its stake in Blackstone Mortgage Trust by 9.1% in the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock worth $175,000 after purchasing an additional 841 shares during the period. Finally, Principal Securities Inc. lifted its position in shares of Blackstone Mortgage Trust by 7.6% during the fourth quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust's stock worth $248,000 after purchasing an additional 1,007 shares during the last quarter. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

BXMT has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price 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. Wolfe Research upgraded 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. Keefe, Bruyette & Woods upped their target price 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, UBS Group raised their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.67.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT traded up $0.00 during midday trading on Wednesday, reaching $20.29. 1,060,028 shares of the stock traded hands, compared to its average volume of 1,730,025. The business has a 50-day moving average of $19.54 and a two-hundred day moving average of $18.90. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $21.24. The stock has a market capitalization of $3.48 billion, a PE ratio of -17.34 and a beta of 1.52.

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 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 anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

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 paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date of this dividend is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -160.68%.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the sale, the chief executive officer now directly owns 246,172 shares in the company, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 5,652 shares of company stock valued at $116,971. Insiders own 0.93% of the company's stock.

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.