Wellington Management Group LLP decreased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,749 shares of the real estate investment trust’s stock after selling 10,877 shares during the quarter. Wellington Management Group LLP owned 0.20% of Blackstone Mortgage Trust worth $7,346,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Blackstone Mortgage Trust by 1.1% in the third quarter. Vanguard Group Inc. now owns 15,544,123 shares of the real estate investment trust’s stock valued at $362,800,000 after acquiring an additional 162,232 shares in the last quarter. Geode Capital Management LLC lifted its stake in Blackstone Mortgage Trust by 2.8% during the second quarter. Geode Capital Management LLC now owns 3,827,439 shares of the real estate investment trust’s stock worth $79,649,000 after purchasing an additional 103,764 shares during the last quarter. State Street Corp lifted its stake in Blackstone Mortgage Trust by 0.3% during the second quarter. State Street Corp now owns 3,787,010 shares of the real estate investment trust’s stock worth $81,136,000 after purchasing an additional 12,582 shares during the last quarter. Bank of America Corp DE lifted its stake in Blackstone Mortgage Trust by 25.0% during the first quarter. Bank of America Corp DE now owns 3,277,188 shares of the real estate investment trust’s stock worth $58,498,000 after purchasing an additional 656,329 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Blackstone Mortgage Trust by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,425,059 shares of the real estate investment trust’s stock worth $52,745,000 after purchasing an additional 54,490 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.
Blackstone Mortgage Trust Stock Performance
Shares of BXMT opened at $20.49 on Tuesday. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 14.53 and a beta of 1.43. Blackstone Mortgage Trust, Inc. has a one year low of $16.60 and a one year high of $23.82. The stock’s fifty day moving average is $19.91 and its 200-day moving average is $21.10.
Blackstone Mortgage Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 12.10%. Blackstone Mortgage Trust’s dividend payout ratio is currently 175.89%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the company. Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their target price for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Keefe, Bruyette & Woods cut their target price on Blackstone Mortgage Trust from $22.00 to $21.00 and set a “market perform” rating on the stock in a research note on Friday, February 16th. Finally, UBS Group cut their target price on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Blackstone Mortgage Trust has an average rating of “Hold” and an average price target of $21.67.
Get Our Latest Analysis on BXMT
Insider Buying and Selling
In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.42, for a total transaction of $46,435.08. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust 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 transaction, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares in the company, valued at $3,967,565.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,540 shares of company stock valued at $112,642. 1.02% of the stock is owned by corporate 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.
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