Victory Capital Management Inc. Has $663,000 Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Victory Capital Management Inc. cut its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 2.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,145 shares of the real estate investment trust’s stock after selling 767 shares during the period. Victory Capital Management Inc.’s holdings in Blackstone Mortgage Trust were worth $663,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Rossby Financial LCC bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter valued at approximately $49,000. GAMMA Investing LLC lifted its stake in Blackstone Mortgage Trust by 187.8% in the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,944 shares during the last quarter. Huntington National Bank grew its position 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 acquiring an additional 2,844 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Blackstone Mortgage Trust by 18,595.8% during the 1st quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 4,463 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Blackstone Mortgage Trust by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 4,873 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

BXMT stock opened at $18.64 on Friday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of -266.29 and a beta of 1.12. The company has a 50-day moving average of $19.34 and a two-hundred day moving average of $19.26. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 10.1%. Blackstone Mortgage Trust’s dividend payout ratio is presently -408.70%.

Insider Activity at Blackstone Mortgage Trust

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Henry N. Nassau acquired 10,000 shares of the stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $18.90 per share, for a total transaction of $189,000.00. Following the purchase, the director owned 182,946 shares of the company’s stock, valued at $3,457,679.40. The trade was a 5.78% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 9,248 shares of company stock worth $177,028 in the last 90 days. 1.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating for the company in a report on Thursday. UBS Group upped their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. lowered their price objective on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, JMP Securities restated a “market perform” rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.00.

Blackstone Mortgage Trust 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.