Dupree Financial Group LLC Has $5.20 Million Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Dupree Financial Group LLC lifted its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 98.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 273,560 shares of the real estate investment trust's stock after purchasing an additional 135,963 shares during the period. Blackstone Mortgage Trust comprises about 2.1% of Dupree Financial Group LLC's investment portfolio, making the stock its 18th biggest holding. Dupree Financial Group LLC owned about 0.16% of Blackstone Mortgage Trust worth $5,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BXMT. Park Place Capital Corp bought a new stake in Blackstone Mortgage Trust in the second quarter valued at $26,000. Versant Capital Management Inc boosted its position in shares of Blackstone Mortgage Trust by 66.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 871 shares in the last quarter. Wellington Shields & Co. LLC boosted its holdings in Blackstone Mortgage Trust by 98.0% during the second quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust's stock worth $79,000 after buying an additional 2,255 shares in the last quarter. Covestor Ltd grew its holdings in shares of Blackstone Mortgage Trust by 60.0% in the 1st quarter. Covestor Ltd now owns 4,880 shares of the real estate investment trust's stock worth $97,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Blackstone Mortgage Trust in the 2nd quarter worth about $87,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Up 2.6 %

Blackstone Mortgage Trust stock traded up $0.49 during trading hours on Wednesday, hitting $19.10. The stock had a trading volume of 2,888,713 shares, compared to its average volume of 1,985,455. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $23.29. The company has a market cap of $3.32 billion, a PE ratio of -20.67 and a beta of 1.50. The company has a 50-day moving average of $18.52 and a two-hundred day moving average of $18.16.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $466.15 million for the quarter, compared to the consensus estimate of $131.87 million. Blackstone Mortgage Trust had a positive return on equity of 10.16% and a negative net margin of 7.98%. During the same period in the previous year, the business earned $0.75 earnings per share. As a group, analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.94 EPS for the current fiscal year.

Blackstone Mortgage Trust declared that its Board of Directors has approved a stock repurchase plan on Wednesday, July 24th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BXMT shares. Wells Fargo & Company boosted their price target on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, September 20th. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Tuesday, July 23rd. BTIG Research reiterated a "buy" rating and set a $23.00 price target on shares of Blackstone Mortgage Trust in a research note on Friday, July 19th. Finally, Wolfe Research started coverage on Blackstone Mortgage Trust in a research report on Tuesday, June 25th. They set a "peer perform" rating for the company. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $20.08.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, Director Henry N. Nassau acquired 10,000 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $17.52 per share, for a total transaction of $175,200.00. Following the transaction, the director now owns 165,557 shares of the company's stock, valued at $2,900,558.64. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Timothy Steven Johnson purchased 57,050 shares of the firm's stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $17.50 per share, with a total value of $998,375.00. Following the acquisition, the director now directly owns 423,251 shares of the company's stock, valued at approximately $7,406,892.50. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry N. Nassau purchased 10,000 shares of Blackstone Mortgage Trust stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $17.52 per share, with a total value of $175,200.00. Following the acquisition, the director now directly owns 165,557 shares of the company's stock, valued at approximately $2,900,558.64. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 83,050 shares of company stock worth $1,448,135 and have sold 1,495 shares worth $27,899. Company insiders own 0.93% of the company's stock.

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.