Sigma Planning Corp Cuts Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Sigma Planning Corp lessened its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet Rating) by 6.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 19,201 shares of the real estate investment trust’s stock after selling 1,364 shares during the period. Sigma Planning Corp’s holdings in Blackstone Mortgage Trust were worth $531,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Jag Capital Management LLC increased its stake in Blackstone Mortgage Trust by 117.4% in the 1st quarter. Jag Capital Management LLC now owns 26,045 shares of the real estate investment trust’s stock worth $807,000 after buying an additional 14,067 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Blackstone Mortgage Trust by 1.4% during the 1st quarter. Private Advisor Group LLC now owns 112,002 shares of the real estate investment trust’s stock valued at $3,561,000 after purchasing an additional 1,566 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 6.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 63,985 shares of the real estate investment trust’s stock valued at $2,034,000 after purchasing an additional 3,645 shares during the last quarter. Next Capital Management LLC bought a new position in shares of Blackstone Mortgage Trust during the 2nd quarter valued at about $367,000. Finally, Sheets Smith Wealth Management bought a new position in shares of Blackstone Mortgage Trust during the 2nd quarter valued at about $221,000. Hedge funds and other institutional investors own 55.28% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $24.85 on Thursday. Blackstone Mortgage Trust, Inc. has a 12 month low of $21.49 and a 12 month high of $32.90. The company has a 50-day moving average price of $24.75 and a 200 day moving average price of $27.79. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 10.06 and a beta of 1.26.

Blackstone Mortgage Trust (NYSE:BXMTGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.71 EPS for the quarter, beating 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 period in the prior year, the business posted $0.57 earnings per share. As a group, equities analysts forecast that Blackstone Mortgage Trust, Inc. will post 2.52 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date was Thursday, September 29th. Blackstone Mortgage Trust’s payout ratio is 100.40%.

Insider Activity at Blackstone Mortgage Trust

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 value of $65,149.00. Following the sale, the chief executive officer now directly owns 120,872 shares of the company’s stock, valued at approximately $3,469,026.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 4,148 shares of company stock valued at $114,708. Insiders own 1.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com assumed coverage on shares of Blackstone Mortgage Trust in a report on Wednesday, October 12th. They set a “hold” rating for the company. Credit Suisse Group dropped their price objective on shares of Blackstone Mortgage Trust to $27.00 in a report on Thursday, October 13th. JPMorgan Chase & Co. dropped 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. Finally, BTIG Research dropped their price objective on shares of Blackstone Mortgage Trust from $32.00 to $28.00 in a report on Wednesday, October 26th.

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.

Read More

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)

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.