Natixis Advisors L.P. cut its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 43.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,095 shares of the real estate investment trust’s stock after selling 10,863 shares during the quarter. Natixis Advisors L.P.’s holdings in Blackstone Mortgage Trust were worth $299,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. Central Bank & Trust Co. acquired a new stake in shares of Blackstone Mortgage Trust in the 4th quarter valued at $25,000. GAMMA Investing LLC purchased a new stake in Blackstone Mortgage Trust in the fourth quarter valued at $45,000. Sandy Spring Bank lifted its position in Blackstone Mortgage Trust by 10,652.0% in the fourth quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 2,663 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Blackstone Mortgage Trust by 4,986.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 6,483 shares during the period. Finally, Blair William & Co. IL acquired a new position in Blackstone Mortgage Trust in the third quarter valued at $202,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.
Blackstone Mortgage Trust Stock Performance
Shares of BXMT stock opened at $18.36 on Monday. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 612.00 and a beta of 1.44. Blackstone Mortgage Trust, Inc. has a one year low of $17.50 and a one year high of $23.82. The company’s 50-day simple moving average is $18.95 and its 200-day simple moving average is $20.31.
Blackstone Mortgage Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.48 annualized dividend and a dividend yield of 13.51%. Blackstone Mortgage Trust’s payout ratio is 8,266.67%.
Analyst Upgrades and Downgrades
A number of research firms have commented on BXMT. UBS Group dropped their price objective on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. BTIG Research lowered their target price on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Wells Fargo & Company lowered their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Blackstone Mortgage Trust has a consensus rating of “Hold” and an average price target of $19.93.
Check Out Our Latest Analysis on BXMT
Insider Activity
In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Katharine A. Keenan sold 2,274 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $20.42, for a total transaction of $46,435.08. Following the sale, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the sale, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,540 shares of company stock worth $112,642. 1.02% of the stock is currently owned by insiders.
About Blackstone Mortgage Trust
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.
Further Reading
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