Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,201 shares of the real estate investment trust’s stock after selling 2,201 shares during the quarter. Mackenzie Financial Corp’s holdings in Blackstone Mortgage Trust were worth $238,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Blackstone Mortgage Trust by 15.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock worth $405,492,000 after buying an additional 2,470,412 shares during the last quarter. Principal Financial Group Inc. lifted its position in Blackstone Mortgage Trust by 4,968.8% during the third quarter. Principal Financial Group Inc. now owns 928,149 shares of the real estate investment trust’s stock valued at $20,187,000 after purchasing an additional 909,838 shares during the period. Ameriprise Financial Inc. lifted its position in Blackstone Mortgage Trust by 45.5% during the third quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust’s stock valued at $46,578,000 after purchasing an additional 669,172 shares during the period. Northern Trust Corp boosted its holdings in Blackstone Mortgage Trust by 22.7% in the third quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust’s stock valued at $48,260,000 after purchasing an additional 410,722 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Blackstone Mortgage Trust by 35.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,096,198 shares of the real estate investment trust’s stock worth $23,316,000 after purchasing an additional 289,643 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BTIG Research lowered their target price on 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. Keefe, Bruyette & Woods lowered their price objective on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating on the stock in a research report on Friday. JPMorgan Chase & Co. cut their target price on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Thursday. Bank of America downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $22.00 to $21.00 in a report on Monday, March 4th. Finally, UBS Group cut their price objective on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.93.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT opened at $17.91 on Monday. The company has a fifty day moving average of $19.47 and a two-hundred day moving average of $20.56. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.83 and a fifty-two week high of $23.82. The stock has a market capitalization of $3.11 billion, a PE ratio of 597.00 and a beta of 1.42.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 13.85%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio is presently 8,266.67%.

Insider Buying and Selling

In other news, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares in the company, valued at $3,888,465.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 192,023 shares in the company, valued at $3,888,465.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the transaction, the chief executive officer now owns 194,298 shares in the company, valued at approximately $3,967,565.16. 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. Insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Company 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.