Atria Wealth Solutions Inc. Increases Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Atria Wealth Solutions Inc. increased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 88.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,654 shares of the real estate investment trust’s stock after buying an additional 10,183 shares during the period. Atria Wealth Solutions Inc.’s holdings in Blackstone Mortgage Trust were worth $468,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Blackstone Mortgage Trust by 35.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,096,198 shares of the real estate investment trust’s stock valued at $23,316,000 after buying an additional 289,643 shares during the last quarter. Teachers Retirement System of The State of Kentucky purchased a new stake in Blackstone Mortgage Trust during the third quarter valued at approximately $1,136,000. Ibex Wealth Advisors acquired a new stake in Blackstone Mortgage Trust in the third quarter valued at approximately $4,716,000. Vanguard Group Inc. grew its holdings in Blackstone Mortgage Trust by 15.3% in the third quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock worth $405,492,000 after purchasing an additional 2,470,412 shares during the last quarter. Finally, Jump Financial LLC increased its position in shares of Blackstone Mortgage Trust by 124.8% during the third quarter. Jump Financial LLC now owns 78,673 shares of the real estate investment trust’s stock worth $1,711,000 after purchasing an additional 43,673 shares in the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $18.17 on Tuesday. Blackstone Mortgage Trust, Inc. has a one year low of $16.85 and a one year high of $23.82. The firm’s fifty day moving average is $19.27 and its 200 day moving average is $20.42. The firm has a market cap of $3.15 billion, a PE ratio of 605.50 and a beta of 1.44.

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 dividend on an annualized basis and a dividend yield of 13.65%. The ex-dividend date of this dividend was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 8,266.67%.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the firm’s 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 sale, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,888,465.75. The sale 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 the business’s 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 sale, the chief executive officer now owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The disclosure for this sale can be found here. Insiders sold a total of 5,540 shares of company stock worth $112,642 in the last 90 days. Corporate insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BXMT shares. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $21.00 in a research note on Monday, March 4th. Wells Fargo & Company dropped their price target on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods decreased their price objective on shares of Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. BTIG Research lowered their target price on shares of 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 cut their price target 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, April 25th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.93.

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.