Strategic Advisors LLC Has $725,000 Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Strategic Advisors LLC decreased its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 47.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,650 shares of the real estate investment trust's stock after selling 37,650 shares during the period. Strategic Advisors LLC's holdings in Blackstone Mortgage Trust were worth $725,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Van ECK Associates Corp lifted its position in shares of Blackstone Mortgage Trust by 4.9% during the third quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust's stock worth $15,737,000 after purchasing an additional 38,436 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Blackstone Mortgage Trust by 1.4% during the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust's stock worth $11,319,000 after purchasing an additional 8,444 shares during the last quarter. GFS Advisors LLC lifted its position in shares of Blackstone Mortgage Trust by 11.5% during the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust's stock worth $8,900,000 after purchasing an additional 52,750 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of Blackstone Mortgage Trust by 2.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 367,806 shares of the real estate investment trust's stock worth $6,992,000 after purchasing an additional 7,732 shares during the last quarter. Finally, Dupree Financial Group LLC lifted its position in shares of Blackstone Mortgage Trust by 0.8% during the fourth quarter. Dupree Financial Group LLC now owns 275,716 shares of the real estate investment trust's stock worth $4,800,000 after purchasing an additional 2,156 shares during the last quarter. Institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT traded down $0.09 during trading hours on Thursday, hitting $20.57. The stock had a trading volume of 2,449,946 shares, compared to its average volume of 1,794,326. The stock's fifty day simple moving average is $18.36 and its 200 day simple moving average is $18.45. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $21.09. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -17.58 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. As a group, research analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 9.14%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -160.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BXMT shares. Keefe, Bruyette & Woods increased their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday. 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 on the stock in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price 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.