Nisa Investment Advisors LLC lessened its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,632 shares of the real estate investment trust’s stock after selling 18,651 shares during the period. Nisa Investment Advisors LLC owned approximately 0.07% of Blackstone Mortgage Trust worth $2,396,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Blackstone Mortgage Trust by 0.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 54,350 shares of the real estate investment trust’s stock worth $1,504,000 after purchasing an additional 389 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of Blackstone Mortgage Trust by 4.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 10,753 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 487 shares in the last quarter. Strategic Advisors LLC increased its holdings in shares of Blackstone Mortgage Trust by 0.6% in the 4th quarter. Strategic Advisors LLC now owns 83,300 shares of the real estate investment trust’s stock worth $1,772,000 after purchasing an additional 500 shares in the last quarter. MBM Wealth Consultants LLC increased its holdings in shares of Blackstone Mortgage Trust by 5.2% in the 3rd quarter. MBM Wealth Consultants LLC now owns 12,490 shares of the real estate investment trust’s stock worth $264,000 after purchasing an additional 615 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Blackstone Mortgage Trust by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 46,602 shares of the real estate investment trust’s stock worth $1,014,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.
Insider Activity at Blackstone Mortgage Trust
In related news, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust stock in a transaction 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 transaction, the chief executive officer now directly owns 194,298 shares in the company, valued at $3,967,565.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,888,465.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 2,274 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were 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 owns 194,298 shares in the company, valued at $3,967,565.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,540 shares of company stock worth $112,642. Corporate insiders own 1.02% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently commented on BXMT. Bank of America lowered Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $22.00 to $21.00 in a report on Monday, March 4th. JPMorgan Chase & Co. cut their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods cut their price objective on Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday. Finally, UBS Group cut their price objective on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 20th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.17.
Check Out Our Latest Report on Blackstone Mortgage Trust
Blackstone Mortgage Trust Stock Performance
NYSE BXMT opened at $18.65 on Friday. The company has a market capitalization of $3.24 billion, a PE ratio of 13.23 and a beta of 1.42. The business’s fifty day moving average is $19.61 and its 200 day moving average is $20.77. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.75 and a fifty-two week high of $23.82.
Blackstone Mortgage Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.48 annualized dividend and a yield of 13.30%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 175.89%.
Blackstone Mortgage Trust Company 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.
See Also
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