Bank of Montreal Can Takes Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Bank of Montreal Can purchased a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,873 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Other large investors have also made changes to their positions in the company. CCLA Investment Management lifted its holdings in Blackstone Mortgage Trust by 699.2% in the second quarter. CCLA Investment Management now owns 1,310,476 shares of the real estate investment trust’s stock valued at $35,163,000 after acquiring an additional 1,146,504 shares during the last quarter. Millennium Management LLC lifted its holdings in Blackstone Mortgage Trust by 308.3% in the fourth quarter. Millennium Management LLC now owns 1,143,826 shares of the real estate investment trust’s stock valued at $24,215,000 after acquiring an additional 863,715 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in Blackstone Mortgage Trust by 100.4% in the first quarter. First Republic Investment Management Inc. now owns 1,649,144 shares of the real estate investment trust’s stock valued at $29,437,000 after acquiring an additional 826,294 shares during the last quarter. Norges Bank acquired a new position in Blackstone Mortgage Trust in the fourth quarter valued at approximately $14,268,000. Finally, Bank of America Corp DE lifted its holdings in Blackstone Mortgage Trust by 25.0% in the first quarter. Bank of America Corp DE now owns 3,277,188 shares of the real estate investment trust’s stock valued at $58,498,000 after acquiring an additional 656,329 shares during the last quarter. 52.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BXMT has been the topic of a number of recent analyst reports. StockNews.com began coverage on Blackstone Mortgage Trust in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Citigroup upped their price target on Blackstone Mortgage Trust from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, July 27th. Finally, JPMorgan Chase & Co. upped their price target on Blackstone Mortgage Trust from $18.50 to $21.00 in a research note on Monday, July 24th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and an average price target of $21.25.

Blackstone Mortgage Trust Trading Up 1.2 %

Shares of NYSE BXMT opened at $22.46 on Tuesday. The stock has a market cap of $3.87 billion, a P/E ratio of 19.70 and a beta of 1.40. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.60 and a 12-month high of $25.73. The business’s fifty day simple moving average is $21.51 and its 200-day simple moving average is $20.92.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 11.04%. The ex-dividend date was Thursday, September 28th. Blackstone Mortgage Trust’s payout ratio is currently 217.54%.

Insider Activity

In other news, CEO Katharine A. Keenan sold 1,160 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $22.75, for a total value of $26,390.00. Following the sale, the chief executive officer now directly owns 152,559 shares in the company, valued at $3,470,717.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Katharine A. Keenan sold 1,160 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $22.75, for a total value of $26,390.00. Following the transaction, the chief executive officer now owns 152,559 shares of the company’s stock, valued at $3,470,717.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Katharine A. Keenan sold 2,275 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of $23.20, for a total value of $52,780.00. Following the completion of the transaction, the chief executive officer now directly owns 150,284 shares in the company, valued at approximately $3,486,588.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,101 shares of company stock worth $160,704. Corporate insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes.