Invesco Ltd. Has $10.08 Million Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Invesco Ltd. increased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 579,004 shares of the real estate investment trust's stock after purchasing an additional 54,184 shares during the period. Invesco Ltd. owned approximately 0.33% of Blackstone Mortgage Trust worth $10,080,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new position in Blackstone Mortgage Trust in the fourth quarter valued at approximately $405,000. Waterloo Capital L.P. lifted its position in Blackstone Mortgage Trust by 21.7% in the 4th quarter. Waterloo Capital L.P. now owns 26,909 shares of the real estate investment trust's stock valued at $468,000 after acquiring an additional 4,802 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Blackstone Mortgage Trust by 21.0% in the 4th quarter. Wells Fargo & Company MN now owns 815,750 shares of the real estate investment trust's stock worth $14,202,000 after purchasing an additional 141,573 shares during the period. ExodusPoint Capital Management LP bought a new position in Blackstone Mortgage Trust during the 4th quarter worth about $4,952,000. Finally, Cinctive Capital Management LP acquired a new stake in shares of Blackstone Mortgage Trust in the 4th quarter valued at about $1,292,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BXMT shares. Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their price objective on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group reduced their target price on shares of Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $20.25.

Insider Activity

In related news, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 17th. The stock was 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 of the company's stock, valued at approximately $5,095,760.40. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 5,652 shares of company stock valued at $116,971 over the last ninety days. 0.93% of the stock is currently owned by company insiders.

Blackstone Mortgage Trust Price Performance

Shares of BXMT opened at $18.77 on Wednesday. The firm has a 50-day moving average of $19.66 and a 200-day moving average of $18.83. The company has a market cap of $3.22 billion, a PE ratio of -16.04 and a beta of 1.22. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last released its quarterly earnings data 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%. Analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 10.02%. Blackstone Mortgage Trust's dividend payout ratio 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.

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