Alpine Global Management LLC Buys Shares of 125,000 Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Alpine Global Management LLC acquired a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 125,000 shares of the real estate investment trust's stock, valued at approximately $2,176,000. Alpine Global Management LLC owned 0.07% of Blackstone Mortgage Trust at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Blackstone Mortgage Trust by 125.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock worth $38,000 after buying an additional 1,204 shares during the period. Huntington National Bank boosted its holdings in Blackstone Mortgage Trust by 1,672.9% in the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 2,844 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in Blackstone Mortgage Trust during the fourth quarter valued at $56,000. Sterling Capital Management LLC raised its position in shares of Blackstone Mortgage Trust by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 4,873 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in Blackstone Mortgage Trust in the 4th quarter worth approximately $102,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on BXMT shares. UBS Group restated a "neutral" rating and set a $19.50 target price (up from $19.00) on shares of Blackstone Mortgage Trust in a report on Wednesday, May 21st. JPMorgan Chase & Co. dropped their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods lowered their price objective on 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Blackstone Mortgage Trust has an average rating of "Hold" and an average price target of $20.50.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, Director Henry N. Nassau bought 10,000 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the transaction, the director now owns 182,946 shares in the company, valued at approximately $3,457,679.40. This trade represents a 5.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Katharine A. Keenan sold 2,323 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $20.70, for a total transaction of $48,086.10. Following the completion of the transaction, the chief executive officer now owns 248,487 shares of the company's stock, valued at $5,143,680.90. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,652 shares of company stock valued at $116,971 over the last quarter. Insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Trading Down 0.1%

Shares of BXMT traded down $0.02 during midday trading on Wednesday, hitting $18.97. The stock had a trading volume of 507,676 shares, compared to its average volume of 1,698,833. The firm has a market cap of $3.25 billion, a P/E ratio of -16.20 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The business has a 50-day simple moving average of $18.96 and a two-hundred day simple moving average of $18.93.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.91%. Blackstone Mortgage Trust's payout ratio is -408.70%.

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.