Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 12.4% during the 4th quarter, Holdings Channel reports. The fund owned 62,827 shares of the real estate investment trust’s stock after selling 8,926 shares during the quarter. Raymond James & Associates’ holdings in Blackstone Mortgage Trust were worth $1,336,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Central Bank & Trust Co. purchased a new position in Blackstone Mortgage Trust in the fourth quarter valued at approximately $25,000. Coppell Advisory Solutions LLC purchased a new position in Blackstone Mortgage Trust in the second quarter valued at approximately $29,000. Chilton Capital Management LLC purchased a new position in Blackstone Mortgage Trust in the first quarter valued at approximately $36,000. Money Concepts Capital Corp increased its stake in Blackstone Mortgage Trust by 1,206.3% in the fourth quarter. Money Concepts Capital Corp now owns 3,958 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 3,655 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. purchased a new position in Blackstone Mortgage Trust in the fourth quarter valued at approximately $88,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Insider Activity at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the transaction, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the sale, the chief executive officer now owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the sale, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The disclosure for this sale can be found here. Insiders have sold a total of 5,540 shares of company stock worth $112,642 in the last three months. Insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Price Performance

NYSE:BXMT opened at $18.55 on Friday. The firm’s fifty day moving average price is $19.57 and its 200 day moving average price is $20.66. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.83 and a 1-year high of $23.82. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 13.15 and a beta of 1.42.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 13.37%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 175.89%.

Analyst Ratings Changes

Several brokerages have commented on BXMT. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. BTIG Research lowered their target price on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods lowered their target price on shares of Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research report on Wednesday, April 10th. Bank of America lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $22.00 to $21.00 in a research report on Monday, March 4th. Finally, UBS Group lowered their target price on shares of Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 20th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.83.

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 originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.