HighTower Advisors LLC Sells 6,051 Shares of Blackstone Mortgage Trust, Inc. $BXMT

HighTower Advisors LLC decreased its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 4.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,735 shares of the real estate investment trust’s stock after selling 6,051 shares during the quarter. HighTower Advisors LLC owned 0.08% of Blackstone Mortgage Trust worth $2,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Rossby Financial LCC bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter valued at about $49,000. GAMMA Investing LLC increased 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 purchasing an additional 1,944 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in Blackstone Mortgage Trust by 39.8% in the first quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,255 shares during the period. Sound Income Strategies LLC raised its holdings in Blackstone Mortgage Trust by 18,595.8% in the first 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 period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth $102,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $19.5150 on Friday. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24. The firm’s 50 day moving average price is $19.31 and its two-hundred day moving average price is $19.35. The firm has a market cap of $3.35 billion, a P/E ratio of -278.79 and a beta of 1.12.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 9.6%. Blackstone Mortgage Trust’s payout ratio is presently -2,685.71%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BXMT. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. UBS Group raised their price target 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. Finally, Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating for the company in a research report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Blackstone Mortgage Trust has an average rating of “Hold” and an average target price of $20.00.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total value of $29,126.40. Following the transaction, the chief financial officer owned 64,082 shares of the company’s stock, valued at approximately $1,230,374.40. The trade was a 2.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,248 shares of company stock worth $177,028. Insiders own 1.02% of the company’s stock.

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.