Sequoia Financial Advisors LLC Boosts Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Sequoia Financial Advisors LLC boosted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 15.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,663 shares of the real estate investment trust's stock after purchasing an additional 13,477 shares during the period. Sequoia Financial Advisors LLC owned about 0.06% of Blackstone Mortgage Trust worth $1,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BXMT. Charles Schwab Investment Management Inc. grew its holdings in Blackstone Mortgage Trust by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust's stock valued at $44,134,000 after purchasing an additional 121,633 shares during the period. Advisors Asset Management Inc. increased its position in shares of Blackstone Mortgage Trust by 167.8% in the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust's stock valued at $3,289,000 after buying an additional 108,409 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $1,937,000. Centiva Capital LP increased its position in shares of Blackstone Mortgage Trust by 405.5% in the third quarter. Centiva Capital LP now owns 60,128 shares of the real estate investment trust's stock valued at $1,143,000 after buying an additional 79,809 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at approximately $1,326,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,323 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total transaction of $48,086.10. Following the completion of the sale, the chief executive officer now owns 248,487 shares of the company's stock, valued at $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 5,652 shares of company stock worth $116,971. Insiders own 0.93% of the company's stock.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT traded up $0.17 during trading on Wednesday, reaching $21.08. The stock had a trading volume of 1,895,946 shares, compared to its average volume of 1,761,039. The business has a fifty day moving average price of $19.22 and a 200-day moving average price of $18.81. The stock has a market cap of $3.62 billion, a PE ratio of -18.01 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $21.18.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) 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 expect that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date of this dividend is Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio is currently -160.68%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted 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, February 18th. Keefe, Bruyette & Woods boosted 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. UBS Group boosted their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. Finally, Wolfe Research upgraded Blackstone Mortgage Trust from a "peer perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $20.67.

Blackstone Mortgage Trust 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.