Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,720 shares of the real estate investment trust’s stock after selling 73,989 shares during the quarter. Ameriprise Financial Inc. owned about 0.27% of Blackstone Mortgage Trust worth $8,291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. True North Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 2.4% during 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 last quarter. Sheaff Brock Investment Advisors LLC grew its holdings 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 valued at $666,000 after purchasing an additional 624 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of 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 valued at $294,000 after purchasing an additional 785 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Blackstone Mortgage Trust by 9.1% during the fourth 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 during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Blackstone Mortgage Trust by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust’s stock valued at $316,000 after purchasing an additional 967 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Insider Buying and Selling

In other news, Director Henry N. Nassau purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the acquisition, the director now directly owns 182,946 shares of the company’s stock, valued at approximately $3,457,679.40. The trade was a 5.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,315 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.70, for a total value of $47,920.50. Following the sale, the chief executive officer now owns 246,172 shares of the company’s stock, valued at approximately $5,095,760.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,652 shares of company stock worth $116,971. Corporate insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BXMT. Keefe, Bruyette & Woods lowered their target price on Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday, April 16th. UBS Group decreased their price objective on Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Finally, JMP Securities reissued a “market perform” rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.25.

Blackstone Mortgage Trust Trading Down 0.8%

Shares of NYSE:BXMT opened at $19.33 on Wednesday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The business has a fifty day simple moving average of $19.17 and a 200 day simple moving average of $18.93. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of -16.52 and a beta of 1.12.

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 dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.73%. Blackstone Mortgage Trust’s dividend payout ratio is -408.70%.

Blackstone Mortgage Trust Company 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.