Signaturefd LLC Sells 569 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Signaturefd LLC decreased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,158 shares of the real estate investment trust’s stock after selling 569 shares during the period. Signaturefd LLC’s holdings in Blackstone Mortgage Trust were worth $280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BXMT. AE Wealth Management LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $207,000. SG Americas Securities LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $1,255,000. State of Alaska Department of Revenue purchased a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $2,333,000. Handelsbanken Fonder AB lifted its stake in shares of Blackstone Mortgage Trust by 14.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 26,451 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 3,400 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Blackstone Mortgage Trust by 3.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 147,757 shares of the real estate investment trust’s stock valued at $3,214,000 after buying an additional 4,984 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BXMT shares. 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 note on Wednesday, April 17th. Wells Fargo & Company lowered their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday. Bank of America cut shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and lowered their target price for the company from $22.00 to $21.00 in a research note on Monday, March 4th. UBS Group lowered their target price on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.93.

Insider Activity

In other news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.42, for a total transaction of $46,435.08. Following the sale, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.42, for a total transaction of $46,435.08. Following the sale, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the sale, the chief executive officer now owns 192,023 shares in the company, valued at $3,888,465.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,540 shares of company stock worth $112,642. 1.02% of the stock is currently owned by corporate insiders.

Blackstone Mortgage Trust Stock Up 1.5 %

Shares of BXMT stock opened at $17.92 on Friday. The stock has a market cap of $3.11 billion, a P/E ratio of 597.17 and a beta of 1.42. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.83 and a 52 week high of $23.82. The company’s fifty day simple moving average is $19.47 and its two-hundred day simple moving average is $20.57.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 13.84%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio is 8,266.67%.

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.