First PREMIER Bank purchased a new position in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,315 shares of the real estate investment trust’s stock, valued at approximately $332,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BXMT. SG Americas Securities LLC acquired a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $422,000. Blackstone Group L.P. increased its holdings in shares of Blackstone Mortgage Trust by 14.4% in the third quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock valued at $163,276,000 after purchasing an additional 663,846 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $284,000. Janney Capital Management LLC acquired a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $620,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $203,000. 54.10% of the stock is currently owned by institutional investors.
Blackstone Mortgage Trust Inc (NYSE:BXMT) traded up $0.20 during trading on Thursday, hitting $31.70. The company had a trading volume of 640,592 shares, compared to its average volume of 1,120,000. Blackstone Mortgage Trust Inc has a 12-month low of $29.76 and a 12-month high of $33.08. The stock has a market capitalization of $3,350.00, a P/E ratio of 14.09 and a beta of 0.66.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.62 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.82%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 110.22%.
A number of research analysts have recently issued reports on BXMT shares. Zacks Investment Research raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Monday, October 30th. Wells Fargo & Co started coverage on Blackstone Mortgage Trust in a report on Wednesday, December 6th. They issued an “outperform” rating on the stock. Keefe, Bruyette & Woods lowered Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, December 7th. B. Riley reissued a “buy” rating and issued a $33.00 target price on shares of Blackstone Mortgage Trust in a report on Friday, December 1st. Finally, FBR & Co boosted their target price on Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.80.
In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,070 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $31.95, for a total transaction of $34,186.50. Following the sale, the chief financial officer now directly owns 15,504 shares in the company, valued at $495,352.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Douglas N. Armer sold 3,658 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $31.86, for a total value of $116,543.88. Following the sale, the treasurer now owns 49,561 shares in the company, valued at $1,579,013.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,516 shares of company stock worth $208,100. Company insiders own 0.91% of the company’s stock.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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