Brown Advisory Inc. Purchases 1,829 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Brown Advisory Inc. lifted its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 15.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,674 shares of the real estate investment trust’s stock after purchasing an additional 1,829 shares during the quarter. Brown Advisory Inc.’s holdings in Blackstone Mortgage Trust were worth $273,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Summit Investment Advisors Inc. grew its holdings in Blackstone Mortgage Trust by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust’s stock worth $316,000 after acquiring an additional 967 shares during the last quarter. Glassy Mountain Advisors Inc. grew its holdings in Blackstone Mortgage Trust by 1.8% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 57,149 shares of the real estate investment trust’s stock worth $1,143,000 after acquiring an additional 998 shares during the last quarter. Xponance Inc. grew its holdings in Blackstone Mortgage Trust by 10.2% during the 4th quarter. Xponance Inc. now owns 12,552 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 1,160 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Blackstone Mortgage Trust by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 38,886 shares of the real estate investment trust’s stock worth $677,000 after acquiring an additional 1,490 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Blackstone Mortgage Trust by 187.8% during the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,944 shares during the last quarter. Institutional investors own 64.15% of the company’s stock.

Insider Activity

In other news, CEO Katharine A. Keenan sold 6,931 shares of the company’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total value of $132,590.03. Following the completion of the sale, the chief executive officer directly owned 236,914 shares of the company’s stock, valued at $4,532,164.82. This represents a 2.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Henry N. Nassau purchased 10,000 shares of the stock in a transaction dated 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 owned 182,946 shares in the company, valued at $3,457,679.40. The trade was a 5.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 9,248 shares of company stock valued at $177,028 in the last ninety days. 1.02% of the stock is owned by insiders.

Blackstone Mortgage Trust Trading Up 0.2%

Blackstone Mortgage Trust stock opened at $19.73 on Thursday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The company has a market cap of $3.38 billion, a PE ratio of -42.88 and a beta of 1.10. The company’s 50-day moving average is $19.34 and its two-hundred day moving average is $19.13.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.47 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.53%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -408.70%.

Wall Street Analyst Weigh In

BXMT has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday. JMP Securities reissued a “market perform” rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Keefe, Bruyette & Woods upped their target price on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, July 10th. Finally, JPMorgan Chase & Co. cut their target price 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.58.

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.