Cerity Partners LLC Has $1.48 Million Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Cerity Partners LLC decreased its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 9.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 74,110 shares of the real estate investment trust’s stock after selling 7,300 shares during the quarter. Cerity Partners LLC’s holdings in Blackstone Mortgage Trust were worth $1,482,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in shares of Blackstone Mortgage Trust during the 1st quarter worth approximately $49,000. Huntington National Bank raised its holdings in shares of Blackstone Mortgage Trust by 1,672.9% in the 4th 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. bought a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $56,000. GAMMA Investing LLC raised its holdings in shares of Blackstone Mortgage Trust by 187.8% in the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,944 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Blackstone Mortgage Trust by 18,595.8% in the 1st quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 4,463 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total transaction of $29,126.40. Following the transaction, the chief financial officer directly owned 64,082 shares of the company’s stock, valued at approximately $1,230,374.40. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 6,931 shares of the company’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total value of $132,590.03. Following the transaction, the chief executive officer directly owned 236,914 shares in the company, valued at approximately $4,532,164.82. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,248 shares of company stock valued at $177,028 in the last three months. Company insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BXMT shares. UBS Group upped their target price on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. JMP Securities reissued a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. JPMorgan Chase & Co. lowered 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 research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, July 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and an average price target of $20.10.

Blackstone Mortgage Trust Stock Down 0.1%

Blackstone Mortgage Trust stock opened at $19.23 on Tuesday. The company’s 50-day moving average price is $19.36 and its 200-day moving average price is $19.17. 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 cap of $3.30 billion, a PE ratio of -41.79 and a beta of 1.10.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 9.78%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) 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.