5,869 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,869 shares of the real estate investment trust’s stock, valued at approximately $102,000.

A number of other large investors have also recently added to or reduced their stakes in BXMT. Diversify Advisory Services LLC acquired a new stake in Blackstone Mortgage Trust in the fourth quarter valued at $172,000. MBM Wealth Consultants LLC raised its position in shares of Blackstone Mortgage Trust by 9.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 1,208 shares during the period. True North Advisors LLC raised its position in shares of Blackstone Mortgage Trust by 2.4% in the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 558 shares during the period. KBC Group NV raised its position in shares of Blackstone Mortgage Trust by 39.3% in the fourth quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,145 shares during the period. Finally, GFS Advisors LLC raised its position in shares of Blackstone Mortgage Trust by 11.5% in the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust’s stock valued at $8,900,000 after purchasing an additional 52,750 shares during the period. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. UBS Group dropped their price objective 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, April 16th. Keefe, Bruyette & Woods dropped their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research report on Monday, April 7th. Finally, JMP Securities reissued a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $20.25.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT opened at $19.47 on Tuesday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -16.64 and a beta of 1.12. The firm’s 50-day simple moving average is $19.19 and its 200 day simple moving average is $18.93.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.66%. 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 related news, Director Henry N. Nassau purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $18.90 per share, with a total value of $189,000.00. Following the acquisition, the director now owns 182,946 shares of the company’s stock, valued at $3,457,679.40. This trade represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the sale, the chief executive officer now directly owns 246,172 shares in the company, valued at $5,095,760.40. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,652 shares of company stock valued at $116,971 in the last ninety days. 1.02% of the stock is currently owned by company insiders.

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.