Alpine Global Management LLC Makes New $2.18 Million Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Alpine Global Management LLC bought a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of BXMT. Diversify Advisory Services LLC bought a new position in Blackstone Mortgage Trust in the 4th quarter valued at approximately $172,000. True North Advisors LLC lifted its holdings in shares of 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 worth $418,000 after purchasing an additional 558 shares in the last quarter. KBC Group NV lifted its holdings in shares of Blackstone Mortgage Trust by 39.3% in 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 in the last quarter. GFS Advisors LLC boosted its holdings in Blackstone Mortgage Trust by 11.5% during the 4th quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust's stock worth $8,900,000 after acquiring an additional 52,750 shares during the last quarter. Finally, Dupree Financial Group LLC boosted its holdings in Blackstone Mortgage Trust by 0.8% during the 4th quarter. Dupree Financial Group LLC now owns 275,716 shares of the real estate investment trust's stock worth $4,800,000 after acquiring an additional 2,156 shares during the last quarter. Institutional investors own 64.15% of the company's stock.

Insider Activity

In other news, CEO Katharine A. Keenan sold 2,323 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $20.70, for a total transaction of $48,086.10. Following the sale, the chief executive officer now owns 248,487 shares of the company's stock, valued at approximately $5,143,680.90. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry N. Nassau purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $18.90 per share, with a total value of $189,000.00. Following the completion of the transaction, the director now owns 182,946 shares in the company, valued at $3,457,679.40. This trade represents a 5.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 5,652 shares of company stock valued at $116,971. Corporate insiders own 1.02% of the company's stock.

Wall Street Analyst Weigh In

BXMT has been the topic of a number of recent analyst reports. UBS Group reiterated a "neutral" rating and set a $19.50 target price (up from $19.00) on shares of Blackstone Mortgage Trust in a research note on Wednesday, May 21st. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. JPMorgan Chase & Co. cut their price objective on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Blackstone Mortgage Trust has a consensus rating of "Hold" and an average price target of $20.50.

Blackstone Mortgage Trust Stock Up 1.4%

Shares of BXMT traded up $0.26 during trading hours on Tuesday, reaching $18.99. 1,035,388 shares of the company traded hands, compared to its average volume of 1,703,570. The company's fifty day moving average price is $19.00 and its two-hundred day moving average price is $18.93. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of -16.23 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.90%. The ex-dividend date was Monday, March 31st. 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.