Arizona State Retirement System Boosts Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Arizona State Retirement System grew its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Rating) by 14.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,983 shares of the real estate investment trust’s stock after buying an additional 5,393 shares during the quarter. Arizona State Retirement System’s holdings in Blackstone Mortgage Trust were worth $1,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Catalyst Capital Advisors LLC raised its position in shares of Blackstone Mortgage Trust by 6.3% during the 4th quarter. Catalyst Capital Advisors LLC now owns 5,750 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 340 shares in the last quarter. BCS Wealth Management grew its holdings in shares of Blackstone Mortgage Trust by 3.6% during the 1st quarter. BCS Wealth Management now owns 9,867 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 347 shares during the last quarter. Xponance Inc. grew its holdings in shares of Blackstone Mortgage Trust by 7.3% during the 4th quarter. Xponance Inc. now owns 7,458 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 510 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Blackstone Mortgage Trust by 25.4% during the 1st quarter. Signaturefd LLC now owns 2,516 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 510 shares during the last quarter. Finally, Equitable Holdings Inc. grew its holdings in shares of Blackstone Mortgage Trust by 6.9% during the 4th quarter. Equitable Holdings Inc. now owns 8,541 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 55.13% of the company’s stock.

Insider Activity

In other news, CEO Katharine A. Keenan sold 1,154 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $31.13, for a total transaction of $35,924.02. Following the sale, the chief executive officer now owns 129,852 shares of the company’s stock, valued at approximately $4,042,292.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Blackstone Mortgage Trust news, Director Jonathan Lee Pollack purchased 13,500 shares of the stock in a transaction that occurred on Thursday, June 16th. The stock was bought at an average cost of $26.16 per share, with a total value of $353,160.00. Following the transaction, the director now directly owns 114,683 shares in the company, valued at approximately $3,000,107.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 1,154 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $31.13, for a total transaction of $35,924.02. Following the transaction, the chief executive officer now directly owns 129,852 shares of the company’s stock, valued at $4,042,292.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,162 shares of company stock valued at $340,338. Corporate insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group reduced their target price on shares of Blackstone Mortgage Trust to $30.00 in a report on Friday, July 22nd.

Blackstone Mortgage Trust Stock Up 0.1 %

Shares of Blackstone Mortgage Trust stock opened at $30.99 on Tuesday. The firm has a market cap of $5.28 billion, a PE ratio of 12.70 and a beta of 1.23. Blackstone Mortgage Trust, Inc. has a 12-month low of $25.99 and a 12-month high of $34.04. The company’s fifty day simple moving average is $29.17 and its two-hundred day simple moving average is $30.51.

Blackstone Mortgage Trust (NYSE:BXMTGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. Blackstone Mortgage Trust had a net margin of 44.90% and a return on equity of 8.92%. During the same period last year, the firm posted $0.55 EPS. As a group, sell-side analysts expect that Blackstone Mortgage Trust, Inc. will post 2.42 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend was Wednesday, June 29th. Blackstone Mortgage Trust’s payout ratio is 101.64%.

Blackstone Mortgage Trust Profile

(Get Rating)

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

See Also

Want to see what other hedge funds are holding BXMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Rating).

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

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