Bayforest Capital Ltd Has $614,000 Stake in Blackstone Mortgage Trust, Inc. $BXMT

Key Points

• Bayforest Capital Ltd increased its stake in Blackstone Mortgage Trust by 185.7%, bringing its total shares owned to 30,719 with a value of $614,000.
• The company recently declared a quarterly dividend of $0.47 per share, resulting in an annual dividend yield of 9.5%.
• Analyst ratings on Blackstone Mortgage Trust indicate a mixed outlook, with two analysts rating it as a Buy and four assigning a Hold rating.

Bayforest Capital Ltd boosted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 185.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,719 shares of the real estate investment trust's stock after purchasing an additional 19,965 shares during the period. Bayforest Capital Ltd's holdings in Blackstone Mortgage Trust were worth $614,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SVB Wealth LLC acquired a new position in shares of Blackstone Mortgage Trust during the 1st quarter valued at $29,000. Jones Financial Companies Lllp lifted its position in Blackstone Mortgage Trust by 45.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust's stock valued at $34,000 after acquiring an additional 536 shares in the last quarter. Rossby Financial LCC bought a new position in Blackstone Mortgage Trust in the 1st quarter valued at about $49,000. GAMMA Investing LLC lifted its position in Blackstone Mortgage Trust by 187.8% in the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 1,944 shares in the last quarter. Finally, Wellington Shields & Co. LLC lifted its position in Blackstone Mortgage Trust by 39.8% in the 1st quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company's stock.

Insider Activity at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 6,931 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total value of $132,590.03. Following the completion of the sale, the chief executive officer directly owned 236,914 shares of the company's stock, valued at $4,532,164.82. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total transaction of $29,126.40. Following the completion of the sale, the chief financial officer directly owned 64,082 shares of the company's stock, valued at approximately $1,230,374.40. This trade represents a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,069 shares of company stock worth $231,343 over the last quarter. Insiders own 1.02% of the company's stock.

Wall Street Analyst Weigh In

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

Blackstone Mortgage Trust Stock Performance

NYSE BXMT opened at $19.87 on Wednesday. The company has a market capitalization of $3.41 billion, a P/E ratio of -283.86 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24. The company has a fifty day moving average of $19.34 and a 200-day moving average of $19.34.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 9.5%. Blackstone Mortgage Trust's dividend payout ratio is -2,685.71%.

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.

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