Nations Financial Group Inc. IA ADV Sells 28,817 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Nations Financial Group Inc. IA ADV trimmed its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 338,989 shares of the real estate investment trust's stock after selling 28,817 shares during the period. Nations Financial Group Inc. IA ADV owned about 0.20% of Blackstone Mortgage Trust worth $5,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BXMT. Harbor Capital Advisors Inc. purchased a new position in Blackstone Mortgage Trust in the third quarter worth about $39,000. McIlrath & Eck LLC purchased a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $63,000. KBC Group NV lifted its position in shares of Blackstone Mortgage Trust by 39.3% during the 4th 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 4th quarter valued at about $172,000. Finally, Wealthstar Advisors LLC purchased a new position in shares of Blackstone Mortgage Trust during the 4th quarter valued at about $178,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Trading Up 0.7 %

BXMT traded up $0.14 on Wednesday, hitting $20.67. 2,223,838 shares of the company's stock traded hands, compared to its average volume of 1,773,737. The company's 50 day simple moving average is $18.33 and its 200-day simple moving average is $18.43. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of -17.66 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $20.73.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its 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%. As a group, equities analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust's payout ratio is -160.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. 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, February 13th. JPMorgan Chase & Co. lifted their price objective on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Wolfe Research raised Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $20.64.

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.