Cwm LLC Grows Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Cwm LLC raised its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 7.5% during the 4th quarter, HoldingsChannel reports. The firm owned 12,856 shares of the real estate investment trust’s stock after acquiring an additional 897 shares during the quarter. Cwm LLC’s holdings in Blackstone Mortgage Trust were worth $273,000 as of its most recent SEC filing.

Other hedge funds 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 about $25,000. Sandy Spring Bank raised its position in Blackstone Mortgage Trust by 10,652.0% in the fourth quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,663 shares during the period. Allspring Global Investments Holdings LLC raised its position in Blackstone Mortgage Trust by 4,986.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 6,483 shares during the period. Blair William & Co. IL purchased a new position in Blackstone Mortgage Trust in the third quarter valued at about $202,000. Finally, Independent Advisor Alliance purchased a new position in Blackstone Mortgage Trust in the third quarter valued at about $207,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BXMT shares. Wells Fargo & Company lowered their target price on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Keefe, Bruyette & Woods lowered their target price on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Bank of America downgraded 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. BTIG Research lowered their target price on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Finally, UBS Group lowered their target price on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Blackstone Mortgage Trust has an average rating of “Hold” and an average price target of $19.93.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT opened at $17.99 on Friday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 599.67 and a beta of 1.44. Blackstone Mortgage Trust, Inc. has a one year low of $16.83 and a one year high of $23.82. The stock has a 50-day simple moving average of $19.33 and a 200 day simple moving average of $20.47.

Blackstone Mortgage Trust Dividend Announcement

The company 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. 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 13.79%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 8,266.67%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust 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 completion of the transaction, 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 legal filing with the SEC, which is accessible through this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 194,298 shares in the company, valued at $3,967,565.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction that occurred 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 transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The disclosure for this sale can be found here. Insiders sold a total of 5,540 shares of company stock worth $112,642 over the last ninety days. Company 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 originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.