Cary Street Partners Financial LLC Acquires New Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Cary Street Partners Financial LLC purchased a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,024 shares of the real estate investment trust's stock, valued at approximately $697,000.

Other institutional investors have also recently made changes to their positions in the company. ExodusPoint Capital Management LP bought a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $4,952,000. Handelsbanken Fonder AB raised its position in shares of Blackstone Mortgage Trust by 17.5% during the 4th quarter. Handelsbanken Fonder AB now owns 57,051 shares of the real estate investment trust's stock valued at $993,000 after purchasing an additional 8,500 shares during the period. Norges Bank bought a new stake in shares of Blackstone Mortgage Trust during the 4th quarter valued at $35,662,000. Raymond James Financial Inc. purchased a new position in shares of Blackstone Mortgage Trust during the 4th quarter valued at $1,326,000. Finally, Principal Financial Group Inc. boosted its holdings in Blackstone Mortgage Trust by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust's stock worth $14,607,000 after buying an additional 20,487 shares during the period. Institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Stock Down 0.3 %

NYSE BXMT traded down $0.06 during trading on Friday, hitting $18.95. 1,697,705 shares of the stock traded hands, compared to its average volume of 1,736,584. The company has a market capitalization of $3.25 billion, a P/E ratio of -16.20 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.51 and a 12-month high of $21.24. The firm has a 50-day simple moving average of $19.26 and a 200-day simple moving average of $18.88.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate 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, research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.92%. The ex-dividend date of this dividend was Monday, March 31st. Blackstone Mortgage Trust's payout ratio is -408.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BXMT. JPMorgan Chase & Co. lowered their price objective on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. UBS Group lowered their price target on Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $20.25.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.70, for a total value of $47,920.50. Following the transaction, the chief executive officer now directly owns 246,172 shares in the company, valued at $5,095,760.40. This represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henry N. Nassau purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were bought at an average cost of $18.90 per share, with a total value of $189,000.00. Following the purchase, the director now directly owns 182,946 shares of the company's stock, valued at approximately $3,457,679.40. This represents a 5.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 5,652 shares of company stock worth $116,971 over the last quarter. Insiders own 0.93% of the company's stock.

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.