Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,765 shares of the real estate investment trust’s stock after selling 5,691 shares during the period. Envestnet Asset Management Inc.’s holdings in Blackstone Mortgage Trust were worth $762,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $35,662,000. ExodusPoint Capital Management LP purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth about $4,952,000. Wells Fargo & Company MN grew its stake in Blackstone Mortgage Trust by 21.0% in the 4th quarter. Wells Fargo & Company MN now owns 815,750 shares of the real estate investment trust’s stock worth $14,202,000 after acquiring an additional 141,573 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Blackstone Mortgage Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock valued at $44,134,000 after acquiring an additional 121,633 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth $1,326,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $19.14 on Friday. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -16.36 and a beta of 1.22. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The stock’s 50-day simple moving average is $19.42 and its 200-day simple moving average is $18.88.

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

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.82%. The ex-dividend date was Monday, March 31st. Blackstone Mortgage Trust’s dividend payout ratio is currently -408.70%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,315 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the sale, the chief executive officer now directly owns 246,172 shares in the company, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 5,652 shares of company stock worth $116,971 over the last quarter. 0.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BXMT has been the topic of a number of research analyst reports. UBS Group decreased their price target on Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Thursday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research report on Monday, April 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and an average target price of $20.25.

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.