Corient Private Wealth LLC grew its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,206 shares of the real estate investment trust’s stock after acquiring an additional 10,690 shares during the quarter. Corient Private Wealth LLC’s holdings in Blackstone Mortgage Trust were worth $1,515,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of BXMT. Strategic Advisors LLC lifted its holdings in shares of Blackstone Mortgage Trust by 0.6% during the fourth quarter. Strategic Advisors LLC now owns 83,300 shares of the real estate investment trust’s stock worth $1,772,000 after purchasing an additional 500 shares during the period. Arizona State Retirement System lifted its holdings in shares of Blackstone Mortgage Trust by 1.4% during the third quarter. Arizona State Retirement System now owns 46,602 shares of the real estate investment trust’s stock worth $1,014,000 after purchasing an additional 630 shares during the period. Brown Advisory Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 7.0% during the fourth quarter. Brown Advisory Inc. now owns 11,136 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 727 shares during the period. Sowell Financial Services LLC lifted its holdings in shares of Blackstone Mortgage Trust by 1.6% during the third quarter. Sowell Financial Services LLC now owns 50,391 shares of the real estate investment trust’s stock worth $1,127,000 after purchasing an additional 816 shares during the period. Finally, CWM LLC lifted its holdings in shares of Blackstone Mortgage Trust by 7.5% during the fourth quarter. CWM LLC now owns 12,856 shares of the real estate investment trust’s stock worth $273,000 after purchasing an additional 897 shares during the period. 64.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BXMT has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $21.00 in a research report on Monday, March 4th. BTIG Research cut their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods cut their price objective on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Finally, Wells Fargo & Company cut their price objective on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.93.
Get Our Latest Stock Analysis on BXMT
Insider Activity
In related news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the sale, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the sale, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Katharine A. Keenan sold 2,259 shares of Blackstone Mortgage Trust stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $17.04, for a total value of $38,493.36. Following the sale, the chief executive officer now owns 189,764 shares of the company’s stock, valued at approximately $3,233,578.56. The disclosure for this sale can be found here. Insiders sold a total of 5,522 shares of company stock worth $102,944 over the last 90 days. 0.93% of the stock is currently owned by corporate insiders.
Blackstone Mortgage Trust Stock Up 2.0 %
Shares of BXMT stock opened at $17.44 on Friday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $23.82. The stock has a market cap of $3.03 billion, a P/E ratio of 581.33 and a beta of 1.44. The business has a fifty day simple moving average of $18.41 and a 200-day simple moving average of $20.03.
Blackstone Mortgage Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 14.22%. The ex-dividend date of this dividend was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio is currently 8,266.67%.
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.
Read More
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.
