Blackstone Mortgage Trust, Inc. $BXMT Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 15.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,062 shares of the real estate investment trust’s stock after selling 2,097 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Blackstone Mortgage Trust were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BXMT. Kingstone Capital Partners Texas LLC acquired a new stake in Blackstone Mortgage Trust during the 2nd quarter valued at $35,101,000. MetLife Investment Management LLC raised its stake in Blackstone Mortgage Trust by 696.6% during the 1st quarter. MetLife Investment Management LLC now owns 843,692 shares of the real estate investment trust’s stock valued at $16,874,000 after purchasing an additional 737,778 shares during the period. Dark Forest Capital Management LP raised its stake in Blackstone Mortgage Trust by 1,253.5% during the 1st quarter. Dark Forest Capital Management LP now owns 330,257 shares of the real estate investment trust’s stock valued at $6,605,000 after purchasing an additional 305,857 shares during the period. Pacific Capital Partners Ltd acquired a new stake in Blackstone Mortgage Trust during the 1st quarter valued at $4,000,000. Finally, Nuveen LLC acquired a new stake in Blackstone Mortgage Trust during the 1st quarter valued at $3,232,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

Blackstone Mortgage Trust stock opened at $18.36 on Friday. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24. The company’s fifty day moving average price is $18.94 and its two-hundred day moving average price is $19.03. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of -262.21 and a beta of 1.15.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date was Tuesday, September 30th. Blackstone Mortgage Trust’s dividend payout ratio is -2,685.71%.

Insider Transactions at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,593 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $19.49, for a total transaction of $89,517.57. Following the completion of the sale, the chief executive officer directly owned 230,006 shares in the company, valued at $4,482,816.94. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 8,818 shares of company stock worth $171,190 in the last three months. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BXMT. UBS Group upped their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a research note on Friday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, October 9th. 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 stock. According to data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of “Hold” and an average price target of $19.63.

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.