GAMMA Investing LLC Sells 828 Shares of Blackstone Mortgage Trust, Inc. $BXMT

GAMMA Investing LLC decreased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 27.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,151 shares of the real estate investment trust’s stock after selling 828 shares during the quarter. GAMMA Investing LLC’s holdings in Blackstone Mortgage Trust were worth $41,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BXMT. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Blackstone Mortgage Trust by 41.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,881 shares of the real estate investment trust’s stock worth $712,000 after purchasing an additional 11,927 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter worth about $260,000. Kennicott Capital Management LLC bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter worth about $485,000. Sound Income Strategies LLC grew its holdings in shares of Blackstone Mortgage Trust by 18,595.8% in 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, Janney Montgomery Scott LLC grew its holdings in shares of Blackstone Mortgage Trust by 45.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,109 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 6,571 shares during the last quarter. Institutional investors own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

BXMT has been the topic of several analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a report on Saturday, September 27th. Finally, UBS Group increased their price objective on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and a consensus price target of $19.50.

Blackstone Mortgage Trust Trading Up 0.8%

Blackstone Mortgage Trust stock opened at $18.85 on Friday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The company has a market cap of $3.23 billion, a PE ratio of -269.23 and a beta of 1.15. The company’s 50-day moving average is $19.14 and its two-hundred day moving average is $19.17.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given 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 dividend payout ratio is presently -2,685.71%.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 4,593 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $19.49, for a total value of $89,517.57. Following the sale, the chief executive officer directly owned 230,006 shares in the company, valued at $4,482,816.94. This trade represents a 1.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 8,818 shares of company stock valued at $171,190. Company 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.