Wealth Enhancement Advisory Services LLC Acquires 5,415 Shares of Blackstone Mortgage Trust, Inc. $BXMT

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,793 shares of the real estate investment trust’s stock after acquiring an additional 5,415 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Blackstone Mortgage Trust were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC grew its position in Blackstone Mortgage Trust by 5,656.5% during the 1st quarter. GAMMA Investing LLC now owns 59,580 shares of the real estate investment trust’s stock worth $1,192,000 after acquiring an additional 58,545 shares during the last quarter. Park Avenue Securities LLC bought a new position in Blackstone Mortgage Trust during the 1st quarter worth approximately $260,000. Kennicott Capital Management LLC bought a new position in Blackstone Mortgage Trust during the 1st quarter worth approximately $485,000. Sound Income Strategies LLC grew its position in 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 acquiring an additional 4,463 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Blackstone Mortgage Trust by 45.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 21,109 shares of the real estate investment trust’s stock worth $422,000 after acquiring an additional 6,571 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. 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. Weiss Ratings restated a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a research report on Saturday, September 27th. Finally, Keefe, Bruyette & Woods reduced their price target on Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating on the stock in a research report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Insider Transactions at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,593 shares of Blackstone Mortgage Trust stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total transaction of $89,517.57. Following the completion of the transaction, the chief executive officer owned 230,006 shares in the company, valued at approximately $4,482,816.94. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 8,818 shares of company stock worth $171,190 in the last three months. 1.02% of the stock is currently owned by insiders.

Blackstone Mortgage Trust Stock Up 0.8%

NYSE BXMT opened at $18.85 on Friday. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24. The firm has a market capitalization of $3.23 billion, a PE ratio of -269.23 and a beta of 1.15. The stock’s 50 day moving average is $19.14 and its 200 day moving average is $19.18.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.0%. Blackstone Mortgage Trust’s payout ratio is presently -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.