15,295 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Bought by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,295 shares of the real estate investment trust's stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in shares of Blackstone Mortgage Trust during the third quarter worth $883,000. Diversify Advisory Services LLC purchased a new position in Blackstone Mortgage Trust during the fourth quarter worth about $172,000. MBM Wealth Consultants LLC lifted 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. True North Advisors LLC boosted its holdings in Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust's stock valued at $418,000 after purchasing an additional 558 shares in the last quarter. Finally, KBC Group NV increased its position in Blackstone Mortgage Trust by 39.3% during the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 2,145 shares during the period. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Stock Down 0.3 %

Shares of BXMT traded down $0.06 during trading hours on Friday, reaching $18.95. 1,697,705 shares of the company traded hands, compared to its average volume of 1,736,584. The stock has a fifty day simple moving average of $19.26 and a 200 day simple moving average of $18.88. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The stock has a market capitalization of $3.25 billion, a PE ratio of -16.20 and a beta of 1.12.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS 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%. Research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

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

Insider Activity

In other news, Director Henry N. Nassau acquired 10,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the acquisition, the director now directly owns 182,946 shares in the company, valued at approximately $3,457,679.40. This represents a 5.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Katharine A. Keenan sold 2,315 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the transaction, the chief executive officer now directly owns 246,172 shares in the company, valued at $5,095,760.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,652 shares of company stock valued at $116,971 in the last 90 days. 0.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BXMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price objective on 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 reissued a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. UBS Group dropped their target price on shares of Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods decreased their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research note on Monday, April 7th. Four research 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, the stock has a consensus rating of "Hold" and an average target price of $20.25.

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.