22,347 Shares in Blackstone Mortgage Trust, Inc. $BXMT Purchased by State of Wyoming

Key Points

• The State of Wyoming purchased 22,347 shares of Blackstone Mortgage Trust, Inc. valued at approximately $447,000, reflecting growing institutional interest in the company.
• Insider selling occurred recently with CEO Katharine A. Keenan selling 6,931 shares and CFO Anthony F. Marone, Jr. selling 1,517 shares, indicating a slight decrease in their ownership stakes.
• Blackstone Mortgage Trust declared a quarterly dividend of $0.47 per share, contributing to a 9.6% dividend yield, despite a negative dividend payout ratio of -2,685.71%.

State of Wyoming purchased a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,347 shares of the real estate investment trust's stock, valued at approximately $447,000.

A number of other institutional investors also recently bought and sold shares of BXMT. Raymond James Financial Inc. bought a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at approximately $1,326,000. Stifel Financial Corp increased its stake in shares of Blackstone Mortgage Trust by 36.6% during the fourth quarter. Stifel Financial Corp now owns 96,174 shares of the real estate investment trust's stock valued at $1,674,000 after purchasing an additional 25,793 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Blackstone Mortgage Trust by 18.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 111,542 shares of the real estate investment trust's stock valued at $1,942,000 after purchasing an additional 17,378 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 23.9% during the fourth quarter. Lido Advisors LLC now owns 25,899 shares of the real estate investment trust's stock valued at $463,000 after buying an additional 4,996 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Blackstone Mortgage Trust by 39.4% during 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. 64.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 6,931 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total transaction of $132,590.03. Following the sale, the chief executive officer directly owned 236,914 shares in the company, valued at $4,532,164.82. This trade represents a 2.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total transaction of $29,126.40. Following the sale, the chief financial officer owned 64,082 shares in the company, valued at $1,230,374.40. The trade was a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,248 shares of company stock worth $177,028 in the last quarter. Corporate insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Trading Up 0.7%

Shares of BXMT stock opened at $19.55 on Friday. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.51 and a 12-month high of $21.24. The firm's 50 day moving average is $19.33 and its 200 day moving average is $19.37. The stock has a market capitalization of $3.35 billion, a P/E ratio of -279.30 and a beta of 1.12.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 9.6%. The ex-dividend date was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is currently -2,685.71%.

Analyst Ratings Changes

BXMT has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods cut their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating on the stock in a report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has an average rating of "Hold" and a consensus target price of $20.00.

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.

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