Bright Futures Wealth Management LLC. Buys New Stake in Blackstone Mortgage Trust, Inc. $BXMT

Bright Futures Wealth Management LLC. purchased a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 162,485 shares of the real estate investment trust’s stock, valued at approximately $2,991,000. Blackstone Mortgage Trust accounts for approximately 2.3% of Bright Futures Wealth Management LLC.’s investment portfolio, making the stock its 7th largest holding. Bright Futures Wealth Management LLC. owned about 0.10% of Blackstone Mortgage Trust as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Jones Financial Companies Lllp boosted its stake in Blackstone Mortgage Trust by 45.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 536 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Blackstone Mortgage Trust by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 570,233 shares of the real estate investment trust’s stock valued at $11,405,000 after acquiring an additional 37,838 shares during the period. Intech Investment Management LLC boosted its stake in shares of Blackstone Mortgage Trust by 5.0% in the 1st quarter. Intech Investment Management LLC now owns 73,679 shares of the real estate investment trust’s stock valued at $1,474,000 after purchasing an additional 3,478 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Blackstone Mortgage Trust by 52.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 36,556 shares of the real estate investment trust’s stock worth $704,000 after purchasing an additional 12,525 shares during the last quarter. Finally, Claro Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 7.1% during the 2nd quarter. Claro Advisors LLC now owns 38,300 shares of the real estate investment trust’s stock worth $737,000 after purchasing an additional 2,550 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Price Performance

Shares of NYSE BXMT opened at $19.18 on Monday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The firm has a market capitalization of $3.24 billion, a P/E ratio of 29.51 and a beta of 1.06. The company’s 50 day simple moving average is $19.48 and its 200 day simple moving average is $19.18.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.8%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 289.23%.

Analyst Ratings Changes

A number of equities analysts have commented on BXMT shares. Weiss Ratings restated a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research report on Monday, December 29th. JPMorgan Chase & Co. increased their price target on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Keefe, Bruyette & Woods raised their price target on Blackstone Mortgage Trust from $21.00 to $21.50 and gave the company an “outperform” rating in a report on Thursday, February 12th. Finally, BTIG Research reissued a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.13.

Insider Activity

In other news, President Fernando Austin Pena sold 3,131 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $19.24, for a total value of $60,240.44. Following the completion of the sale, the president directly owned 78,633 shares of the company’s stock, valued at $1,512,898.92. This represents a 3.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 4,543 shares of company stock worth $88,910. 1.02% of the stock is currently owned by insiders.

Blackstone Mortgage Trust 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.