State of New Jersey Common Pension Fund D Has $2.12 Million Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Rating) by 6.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,773 shares of the real estate investment trust’s stock after selling 4,881 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Blackstone Mortgage Trust were worth $2,124,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BXMT. Nauset Wealth Management. LLC acquired a new position in shares of Blackstone Mortgage Trust during the 1st quarter worth $31,000. McIlrath & Eck LLC bought a new stake in shares of Blackstone Mortgage Trust during the 1st quarter worth $35,000. MBM Wealth Consultants LLC boosted its holdings in shares of Blackstone Mortgage Trust by 38.6% during the 1st quarter. MBM Wealth Consultants LLC now owns 2,353 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 655 shares during the period. Signaturefd LLC boosted 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 worth $80,000 after buying an additional 510 shares during the period. Finally, Tradition Wealth Management LLC boosted its holdings in shares of Blackstone Mortgage Trust by 15.6% during the 1st quarter. Tradition Wealth Management LLC now owns 3,734 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 504 shares during the period. Institutional investors and hedge funds own 55.28% of the company’s stock.

Blackstone Mortgage Trust Stock Up 0.1 %

Shares of Blackstone Mortgage Trust stock opened at $24.36 on Wednesday. The stock has a market capitalization of $4.16 billion, a P/E ratio of 9.86 and a beta of 1.26. The company has a 50-day simple moving average of $25.56 and a 200 day simple moving average of $28.21. Blackstone Mortgage Trust, Inc. has a 12-month low of $21.49 and a 12-month high of $34.04.

Blackstone Mortgage Trust (NYSE:BXMTGet Rating) last announced its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Blackstone Mortgage Trust had a net margin of 39.99% and a return on equity of 9.33%. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, equities analysts anticipate that Blackstone Mortgage Trust, Inc. will post 2.52 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 10.18%. The ex-dividend date was Thursday, September 29th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 100.40%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BXMT shares. StockNews.com started coverage on shares of Blackstone Mortgage Trust in a report on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. decreased their price objective on shares of Blackstone Mortgage Trust from $30.00 to $27.50 and set a “neutral” rating for the company in a report on Monday, October 24th. BTIG Research reduced their price target on shares of Blackstone Mortgage Trust from $32.00 to $28.00 in a report on Wednesday, October 26th. Finally, Credit Suisse Group reduced their price target on shares of Blackstone Mortgage Trust to $27.00 in a report on Thursday, October 13th.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,270 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $28.70, for a total transaction of $65,149.00. Following the completion of the sale, the chief executive officer now owns 120,872 shares in the company, valued at approximately $3,469,026.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 4,148 shares of company stock worth $114,708 in the last quarter. 1.06% of the stock is owned by corporate insiders.

About Blackstone Mortgage Trust

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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.

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

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