Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5,656.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 59,580 shares of the real estate investment trust’s stock after acquiring an additional 58,545 shares during the period. GAMMA Investing LLC’s holdings in Blackstone Mortgage Trust were worth $1,192,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BXMT. Smartleaf Asset Management LLC lifted its holdings in Blackstone Mortgage Trust by 125.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,204 shares during the period. Huntington National Bank lifted its holdings in Blackstone Mortgage Trust by 1,672.9% in the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 2,844 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in Blackstone Mortgage Trust in the fourth quarter worth about $56,000. Sterling Capital Management LLC lifted its holdings in Blackstone Mortgage Trust by 814.9% in the fourth quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 4,873 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Blackstone Mortgage Trust in the fourth quarter worth about $102,000. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Down 1.9%

Shares of NYSE BXMT opened at $19.11 on Monday. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of -16.33 and a beta of 1.11. The firm has a 50-day moving average of $18.81 and a two-hundred day moving average of $18.97.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.84%. Blackstone Mortgage Trust’s payout ratio is -408.70%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, Director Henry N. Nassau acquired 10,000 shares of Blackstone Mortgage Trust stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $18.90 per share, with a total value of $189,000.00. Following the completion of the purchase, the director now owns 182,946 shares of the company’s stock, valued at $3,457,679.40. This represents a 5.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.02% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BXMT shares. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. 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 report on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $19.50 price objective (up previously from $19.00) on shares of Blackstone Mortgage Trust in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Blackstone Mortgage Trust has a consensus rating of “Hold” and a consensus price target of $20.50.

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.