MADDEN SECURITIES Corp Sells 103,985 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

MADDEN SECURITIES Corp trimmed its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 79.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,220 shares of the real estate investment trust's stock after selling 103,985 shares during the quarter. MADDEN SECURITIES Corp's holdings in Blackstone Mortgage Trust were worth $456,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BXMT. Harbor Capital Advisors Inc. acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth $39,000. McIlrath & Eck LLC purchased a new position in shares of Blackstone Mortgage Trust during the third quarter valued at $63,000. KBC Group NV grew its holdings in shares of Blackstone Mortgage Trust by 39.3% during the fourth quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust's stock valued at $132,000 after buying an additional 2,145 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at $172,000. Finally, Wealthstar Advisors LLC purchased a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at $178,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wolfe Research upgraded Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a report on Wednesday, December 11th. Keefe, Bruyette & Woods lifted their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "market perform" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a "neutral" rating for the company in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.29.

Blackstone Mortgage Trust Stock Up 2.4 %

Shares of NYSE:BXMT traded up $0.47 on Friday, reaching $20.34. The company had a trading volume of 3,296,475 shares, compared to its average volume of 1,737,679. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $20.73. The stock has a 50-day moving average price of $18.24 and a 200 day moving average price of $18.37. The stock has a market capitalization of $3.52 billion, a P/E ratio of -14.64 and a beta of 1.50.

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 for the quarter, topping analysts' consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 9.35% and a negative net margin of 12.91%. On average, sell-side analysts predict that Blackstone Mortgage Trust, Inc. will post 1.95 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.24%. Blackstone Mortgage Trust's dividend payout ratio is currently -160.68%.

Blackstone Mortgage Trust Company Profile

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.