CF Capital LLC Buys New Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

CF Capital LLC acquired a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 135,000 shares of the real estate investment trust's stock, valued at approximately $2,350,000. Blackstone Mortgage Trust accounts for 2.5% of CF Capital LLC's holdings, making the stock its 16th biggest holding. CF Capital LLC owned approximately 0.08% of Blackstone Mortgage Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Chapman Financial Group LLC acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth approximately $283,000. Balyasny Asset Management L.P. increased its holdings in Blackstone Mortgage Trust by 39.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust's stock valued at $49,315,000 after buying an additional 801,083 shares during the last quarter. Westbourne Investments Inc. acquired a new stake in Blackstone Mortgage Trust in the fourth quarter valued at $1,100,000. Schonfeld Strategic Advisors LLC purchased a new stake in Blackstone Mortgage Trust during the 4th quarter worth about $8,118,000. Finally, Lido Advisors LLC increased its holdings in shares of Blackstone Mortgage Trust by 23.9% in the 4th quarter. Lido Advisors LLC now owns 25,899 shares of the real estate investment trust's stock valued at $463,000 after acquiring an additional 4,996 shares during the last quarter. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Trading Up 1.3 %

Shares of Blackstone Mortgage Trust stock traded up $0.24 during trading hours on Thursday, hitting $19.00. 1,513,157 shares of the company were exchanged, compared to its average volume of 1,737,255. The business has a 50-day moving average of $19.31 and a 200-day moving average of $18.88. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of -16.24 and a beta of 1.12.

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

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.89%. Blackstone Mortgage Trust's dividend payout ratio is presently -408.70%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BXMT. UBS Group decreased their target price on Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. decreased their price objective on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods cut 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 report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.25.

Insider Activity

In other Blackstone Mortgage Trust news, Director Henry N. Nassau purchased 10,000 shares of Blackstone Mortgage Trust stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $18.90 per share, with a total value of $189,000.00. Following the completion of the acquisition, the director now directly owns 182,946 shares of the company's stock, valued at approximately $3,457,679.40. This trade represents a 5.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 2,315 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the transaction, the chief executive officer now directly owns 246,172 shares of the company's stock, valued at approximately $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. In the last three months, insiders sold 5,652 shares of company stock worth $116,971. Company insiders own 0.93% of the company's stock.

Blackstone Mortgage Trust 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.