US Bancorp DE Has $143,000 Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

US Bancorp DE raised its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 69.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,174 shares of the real estate investment trust’s stock after purchasing an additional 2,945 shares during the quarter. US Bancorp DE’s holdings in Blackstone Mortgage Trust were worth $143,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Blackstone Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 8.2% during the 4th quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust’s stock valued at $149,752,000 after acquiring an additional 652,537 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Blackstone Mortgage Trust by 39.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust’s stock valued at $49,315,000 after acquiring an additional 801,083 shares in the last quarter. Mesirow Institutional Investment Management Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 25.6% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 1,096,110 shares of the real estate investment trust’s stock valued at $19,083,000 after acquiring an additional 223,461 shares in the last quarter. Principal Financial Group Inc. raised its position in Blackstone Mortgage Trust by 1.9% during the 1st quarter. Principal Financial Group Inc. now owns 854,617 shares of the real estate investment trust’s stock worth $17,092,000 after purchasing an additional 15,644 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its position in Blackstone Mortgage Trust by 2.2% during the 4th quarter. Nuveen Asset Management LLC now owns 813,466 shares of the real estate investment trust’s stock worth $14,162,000 after purchasing an additional 17,570 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BXMT. UBS Group raised their target price on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods cut their price target on Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Thursday, July 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Blackstone Mortgage Trust has an average rating of “Hold” and an average target price of $20.00.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $18.84 on Friday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The firm’s 50-day simple moving average is $19.35 and its 200 day simple moving average is $19.33. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -269.14 and a beta of 1.12.

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 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 10.0%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -2,685.71%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 6,931 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total transaction of $132,590.03. Following the transaction, the chief executive officer owned 236,914 shares of the company’s stock, valued at $4,532,164.82. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,248 shares of company stock worth $177,028. Company insiders own 1.02% of the company’s stock.

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.