Hsbc Holdings PLC Purchases 2,697 Shares of Blackstone Mortgage Trust, Inc. $BXMT

Hsbc Holdings PLC lifted its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 12.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,799 shares of the real estate investment trust’s stock after acquiring an additional 2,697 shares during the period. Hsbc Holdings PLC’s holdings in Blackstone Mortgage Trust were worth $492,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BXMT. Stifel Financial Corp increased its position in Blackstone Mortgage Trust by 36.6% during the 4th quarter. Stifel Financial Corp now owns 96,174 shares of the real estate investment trust’s stock valued at $1,674,000 after buying an additional 25,793 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Blackstone Mortgage Trust by 18.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,542 shares of the real estate investment trust’s stock valued at $1,942,000 after buying an additional 17,378 shares in the last quarter. Lido Advisors LLC increased its position in Blackstone Mortgage Trust by 23.9% during the 4th quarter. Lido Advisors LLC now owns 25,899 shares of the real estate investment trust’s stock valued at $463,000 after buying an additional 4,996 shares in the last quarter. Balyasny Asset Management L.P. increased its position in 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 buying an additional 801,083 shares in the last quarter. Finally, Chapman Financial Group LLC bought a new position in Blackstone Mortgage Trust during the 4th quarter valued at approximately $283,000. Institutional investors own 64.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BXMT shares. UBS Group raised their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods reduced their target price on Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating for the company in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Insiders Place Their Bets

In other news, CEO Katharine A. Keenan sold 6,931 shares of the firm’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 $4,532,164.82. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 64,082 shares in the company, valued at approximately $1,230,374.40. This trade 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 sold 9,248 shares of company stock worth $177,028. Company insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Trading Up 0.7%

Blackstone Mortgage Trust stock opened at $19.55 on Tuesday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of -279.30 and a beta of 1.16. The stock has a fifty day simple moving average of $19.33 and a two-hundred day simple moving average of $19.36. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The company 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date was Monday, June 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -2,685.71%.

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.