Nisa Investment Advisors LLC Sells 16,876 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Nisa Investment Advisors LLC lowered its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 24.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 52,742 shares of the real estate investment trust's stock after selling 16,876 shares during the period. Nisa Investment Advisors LLC's holdings in Blackstone Mortgage Trust were worth $945,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new stake in shares of Blackstone Mortgage Trust during the third quarter worth approximately $39,000. McIlrath & Eck LLC bought a new stake in shares of Blackstone Mortgage Trust during the third quarter worth approximately $63,000. Future Financial Wealth Managment LLC bought a new stake in shares of Blackstone Mortgage Trust during the third quarter worth approximately $95,000. Diversify Advisory Services LLC bought a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth approximately $172,000. Finally, Sei Investments Co. bought a new stake in shares of Blackstone Mortgage Trust during the second quarter worth approximately $184,000. Institutional investors own 64.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BXMT shares. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a "market perform" rating for the company in a research report on Tuesday, January 14th. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price target for the company in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.14.

Blackstone Mortgage Trust Price Performance

BXMT traded down $0.30 during trading on Tuesday, hitting $17.93. 970,483 shares of the stock traded hands, compared to its average volume of 1,728,475. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $21.50. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -12.90 and a beta of 1.50. The business has a 50 day moving average price of $18.33 and a 200 day moving average price of $18.40.

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 given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 10.49%. Blackstone Mortgage Trust's dividend payout ratio is currently -135.25%.

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.