QRG Capital Management Inc. Purchases 17,724 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

QRG Capital Management Inc. grew its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 252,061 shares of the real estate investment trust's stock after purchasing an additional 17,724 shares during the period. QRG Capital Management Inc. owned about 0.15% of Blackstone Mortgage Trust worth $4,388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in Blackstone Mortgage Trust during the 3rd quarter worth approximately $39,000. McIlrath & Eck LLC acquired a new position in Blackstone Mortgage Trust in the 3rd quarter worth $63,000. KBC Group NV increased its holdings in 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 worth $132,000 after purchasing an additional 2,145 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Blackstone Mortgage Trust in the 4th quarter valued at about $172,000. Finally, IFP Advisors Inc lifted its holdings in shares of Blackstone Mortgage Trust by 9.1% in the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock valued at $175,000 after purchasing an additional 841 shares in the last quarter. 64.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BXMT shares. JPMorgan Chase & Co. boosted their target price on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "market perform" rating in a report on Thursday, February 13th. UBS Group raised their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Finally, Wolfe Research raised shares of Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of "Hold" and a consensus target price of $20.71.

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Blackstone Mortgage Trust Trading Up 0.2 %

Shares of NYSE:BXMT traded up $0.04 on Tuesday, hitting $20.24. The company had a trading volume of 1,303,141 shares, compared to its average volume of 1,777,378. The stock has a 50 day moving average price of $18.67 and a 200 day moving average price of $18.63. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -17.30 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $21.09.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last announced its 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 8.62% and a negative net margin of 11.54%. Sell-side analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.29%. Blackstone Mortgage Trust's payout ratio is -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.