Two Sigma Securities LLC Takes Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Two Sigma Securities LLC bought a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,458 shares of the real estate investment trust's stock, valued at approximately $234,000.

A number of other hedge funds have also modified their holdings of BXMT. McIlrath & Eck LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $63,000. Virtu Financial LLC purchased a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at approximately $350,000. Tidal Investments LLC acquired a new position in Blackstone Mortgage Trust in the third quarter valued at approximately $883,000. Diversify Advisory Services LLC acquired a new stake in Blackstone Mortgage Trust during the fourth quarter worth $172,000. Finally, MBM Wealth Consultants LLC raised its position in Blackstone Mortgage Trust by 9.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust's stock valued at $244,000 after purchasing an additional 1,208 shares during the period. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Performance

BXMT stock traded down $0.17 during mid-day trading on Monday, reaching $18.99. The company had a trading volume of 334,574 shares, compared to its average volume of 1,732,174. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of -16.23 and a beta of 1.22. The firm has a fifty day simple moving average of $19.42 and a 200 day simple moving average of $18.88.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. As a group, analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.90%. The ex-dividend date was Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -408.70%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BXMT. JPMorgan Chase & Co. reduced their price objective on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday. UBS Group cut their target price on Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods dropped their price objective on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $20.25.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,315 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the transaction, the chief executive officer now owns 246,172 shares in the company, valued at approximately $5,095,760.40. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 5,652 shares of company stock worth $116,971 over the last ninety days. Corporate insiders own 0.93% of the company's stock.

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.