Cibc World Markets Corp Makes New Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Cibc World Markets Corp acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMTFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,458 shares of the real estate investment trust’s stock, valued at approximately $1,222,000.

A number of other institutional investors have also recently bought and sold shares of BXMT. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 2,470,412 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Blackstone Mortgage Trust by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,531,729 shares of the real estate investment trust’s stock worth $53,850,000 after purchasing an additional 106,670 shares in the last quarter. Northern Trust Corp raised its stake in shares of Blackstone Mortgage Trust by 22.7% during the 3rd quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust’s stock worth $48,260,000 after purchasing an additional 410,722 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Blackstone Mortgage Trust by 45.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust’s stock worth $46,578,000 after purchasing an additional 669,172 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth about $38,747,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Katharine A. Keenan sold 2,259 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $17.04, for a total transaction of $38,493.36. Following the sale, the chief executive officer now owns 189,764 shares of the company’s stock, valued at approximately $3,233,578.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Keefe, Bruyette & Woods cut 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 note on Friday, April 26th. Wells Fargo & Company cut their price objective 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. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Finally, UBS Group cut their price objective on 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $19.93.

Get Our Latest Stock Report on Blackstone Mortgage Trust

Blackstone Mortgage Trust Stock Down 1.2 %

Shares of NYSE BXMT opened at $17.00 on Tuesday. The business’s 50 day moving average is $18.09 and its two-hundred day moving average is $19.80. The company has a market cap of $2.95 billion, a P/E ratio of 566.67 and a beta of 1.47. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.73 and a 12 month high of $23.82.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 14.59%. The ex-dividend date of this dividend was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio is currently 8,266.67%.

Blackstone Mortgage Trust Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.