Blackstone Mortgage Trust, Inc. $BXMT Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 46.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,153 shares of the real estate investment trust’s stock after selling 94,737 shares during the quarter. Advisors Asset Management Inc. owned 0.07% of Blackstone Mortgage Trust worth $2,046,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new stake in shares of Blackstone Mortgage Trust during the third quarter worth $25,000. Jones Financial Companies Lllp grew its stake in Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 536 shares in the last quarter. North Capital Inc. purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter worth about $37,000. FNY Investment Advisers LLC raised its position in Blackstone Mortgage Trust by 420.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 2,600 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,100 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Blackstone Mortgage Trust by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 2,926 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Down 1.1%

BXMT opened at $19.54 on Monday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24. The business’s 50 day moving average is $19.63 and its two-hundred day moving average is $19.14. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 30.05 and a beta of 1.07.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio is presently 289.23%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods boosted their price objective on Blackstone Mortgage Trust from $21.00 to $21.50 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Blackstone Mortgage Trust from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research report on Monday, December 29th. Finally, BTIG Research restated a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.13.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, President Fernando Austin Pena sold 3,131 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $19.24, for a total transaction of $60,240.44. Following the completion of the transaction, the president owned 78,633 shares of the company’s stock, valued at approximately $1,512,898.92. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 5,049 shares of company stock worth $98,716. Company insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.