Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 35,200 shares of the real estate investment trust’s stock after selling 900 shares during the period. Strs Ohio’s holdings in Blackstone Mortgage Trust were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BXMT. Central Bank & Trust Co. acquired a new position in shares of Blackstone Mortgage Trust in the 4th quarter valued at $25,000. Sandy Spring Bank grew its position in Blackstone Mortgage Trust by 10,652.0% in the 4th quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 2,663 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Blackstone Mortgage Trust by 4,986.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 6,483 shares during the last quarter. Blair William & Co. IL purchased a new position in Blackstone Mortgage Trust in the 3rd quarter valued at $202,000. Finally, Independent Advisor Alliance purchased a new position in Blackstone Mortgage Trust in the 3rd quarter valued at $207,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on BXMT. Wells Fargo & Company lowered their price objective on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods lowered their price objective 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 price objective for the company from $22.00 to $21.00 in a research report on Monday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research report on Thursday. Finally, BTIG Research decreased 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, April 17th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $20.29.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $17.65 on Friday. The firm has a market capitalization of $3.07 billion, a P/E ratio of 588.33 and a beta of 1.42. Blackstone Mortgage Trust, Inc. has a one year low of $16.83 and a one year high of $23.82. The company’s fifty day moving average is $19.51 and its two-hundred day moving average is $20.60.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 14.05%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 8,266.67%.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust 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 transaction, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at approximately $3,967,565.16. The disclosure for this sale can be found here. Insiders sold 5,540 shares of company stock valued at $112,642 in the last 90 days. 1.02% of the stock is currently owned by insiders.

About Blackstone Mortgage Trust

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.