Blackstone Mortgage Trust, Inc. $BXMT Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 13.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 21,733 shares of the real estate investment trust’s stock after selling 3,255 shares during the period. Mutual of America Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $418,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BXMT. SVB Wealth LLC acquired a new position in Blackstone Mortgage Trust in the first quarter valued at approximately $29,000. Jones Financial Companies Lllp boosted its holdings in Blackstone Mortgage Trust by 45.5% during the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 536 shares in the last quarter. Rossby Financial LCC acquired a new stake in Blackstone Mortgage Trust during the first quarter valued at $49,000. GAMMA Investing LLC increased its holdings 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 buying an additional 1,944 shares in the last quarter. Finally, Private Trust Co. NA purchased a new position in Blackstone Mortgage Trust in the second quarter valued at $68,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,593 shares of the business’s 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 transaction, the chief executive officer owned 230,006 shares of the company’s stock, valued at approximately $4,482,816.94. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 8,818 shares of company stock worth $171,190 over the last quarter. Insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Stock Down 1.1%

Shares of NYSE BXMT opened at $18.15 on Wednesday. The firm has a 50-day simple moving average of $18.91 and a 200-day simple moving average of $19.05. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of -259.27 and a beta of 1.15. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.4%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -2,685.71%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price 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. 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 report on Tuesday, July 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, October 9th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and an average price target of $19.63.

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.