26,033 Shares in Blackstone Mortgage Trust Inc (BXMT) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,033 shares of the real estate investment trust’s stock, valued at approximately $838,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BXMT. Blackstone Group L.P. raised its stake 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 acquiring an additional 663,846 shares during the last quarter. KAMES CAPITAL plc bought a new position in shares of Blackstone Mortgage Trust in the fourth quarter valued at approximately $6,193,000. Atlantic Trust Group LLC bought a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $2,076,000. Schwab Charles Investment Management Inc. raised its stake in shares of Blackstone Mortgage Trust by 15.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 310,422 shares of the real estate investment trust’s stock valued at $9,990,000 after acquiring an additional 41,818 shares during the last quarter. Finally, Janney Capital Management LLC bought a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $620,000. Hedge funds and other institutional investors own 54.26% of the company’s stock.

Blackstone Mortgage Trust Inc (BXMT) traded up $0.04 on Friday, reaching $29.84. 1,136,368 shares of the company’s stock were exchanged, compared to its average volume of 955,750. Blackstone Mortgage Trust Inc has a 12-month low of $29.51 and a 12-month high of $33.08. The firm has a market cap of $3,150.00, a price-to-earnings ratio of 13.26 and a beta of 0.59.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date was Thursday, December 28th. Blackstone Mortgage Trust’s dividend payout ratio is presently 110.22%.

A number of research firms have recently issued reports on BXMT. B. Riley reiterated a “buy” rating and issued a $33.00 target price on shares of Blackstone Mortgage Trust in a research note on Friday, December 1st. Zacks Investment Research raised shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Thursday, January 25th. FBR & Co raised their price target on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods lowered shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, December 7th. Finally, Wells Fargo & Co assumed coverage on shares of Blackstone Mortgage Trust in a report on Wednesday, December 6th. They issued an “outperform” rating for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.60.

TRADEMARK VIOLATION WARNING: This piece was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://stocknewstimes.com/2018/02/11/fox-run-management-l-l-c-invests-838000-in-blackstone-mortgage-trust-inc-bxmt.html.

Blackstone Mortgage Trust 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.

Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply