Chapman Financial Group LLC Purchases New Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Chapman Financial Group LLC acquired 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 and Exchange Commission. The institutional investor acquired 16,282 shares of the real estate investment trust's stock, valued at approximately $283,000.

Other large investors have also added to or reduced their stakes in the company. True North Advisors LLC boosted its stake in Blackstone Mortgage Trust by 2.4% during the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust's stock valued at $418,000 after buying an additional 558 shares during the period. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Blackstone Mortgage Trust by 1.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $666,000 after acquiring an additional 624 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Blackstone Mortgage Trust by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock valued at $294,000 after acquiring an additional 785 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Blackstone Mortgage Trust by 9.1% during the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock worth $175,000 after purchasing an additional 841 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in shares of Blackstone Mortgage Trust by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock worth $316,000 after purchasing an additional 967 shares during the last quarter. Institutional investors own 64.15% of the company's stock.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 246,172 shares in the company, valued at approximately $5,095,760.40. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Henry N. Nassau bought 10,000 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. Insiders sold 5,652 shares of company stock worth $116,971 in the last three months. 0.93% of the stock is owned by insiders.

Blackstone Mortgage Trust Price Performance

Blackstone Mortgage Trust stock traded down $0.06 during mid-day trading on Friday, hitting $18.95. The company's stock had a trading volume of 1,697,705 shares, compared to its average volume of 1,736,584. The business has a 50 day moving average price of $19.26 and a 200-day moving average price of $18.88. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The stock has a market cap of $3.25 billion, a price-to-earnings 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 earnings per share for the quarter, beating analysts' consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. On average, equities research analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

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

Wall Street Analyst Weigh In

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

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.