Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,723 shares of the real estate investment trust’s stock after selling 4,148 shares during the quarter. Bank of Montreal Can’s holdings in Blackstone Mortgage Trust were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BXMT. True North Advisors LLC grew its position in Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 558 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Blackstone Mortgage Trust by 1.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock worth $666,000 after acquiring an additional 624 shares during the period. CIBC Asset Management Inc raised its holdings in Blackstone Mortgage Trust by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 785 shares in the last quarter. IFP Advisors Inc boosted its holdings in Blackstone Mortgage Trust by 9.1% in the 4th quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 841 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Blackstone Mortgage Trust by 7.6% during the 4th quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 1,007 shares during the period. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,323 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $20.70, for a total transaction of $48,086.10. Following the sale, the chief executive officer now owns 248,487 shares in the company, valued at approximately $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 5,652 shares of company stock worth $116,971. 0.93% of the stock is owned by corporate insiders.

Blackstone Mortgage Trust Trading Up 1.2 %

NYSE:BXMT opened at $18.32 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of -15.65 and a beta of 1.22. The firm has a 50-day moving average price of $19.70 and a two-hundred day moving average price of $18.82. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. On average, equities research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend was Monday, March 31st. Blackstone Mortgage Trust’s payout ratio is currently -160.68%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods reduced their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research note on Monday, April 7th. Finally, UBS Group lowered their target price on shares of Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating on the stock in a research report on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.25.

About Blackstone Mortgage Trust

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.