Blackstone Mortgage Trust, Inc. $BXMT Shares Bought by Bayforest Capital Ltd

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 grew its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 185.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. MetLife Investment Management LLC grew its position in Blackstone Mortgage Trust by 696.6% in the first quarter. MetLife Investment Management LLC now owns 843,692 shares of the real estate investment trust's stock worth $16,874,000 after acquiring an additional 737,778 shares during the period. Millennium Management LLC grew its position in Blackstone Mortgage Trust by 473.3% in the fourth quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock worth $10,882,000 after acquiring an additional 516,023 shares during the period. Dark Forest Capital Management LP lifted its stake in Blackstone Mortgage Trust by 1,253.5% during the first quarter. Dark Forest Capital Management LP now owns 330,257 shares of the real estate investment trust's stock worth $6,605,000 after purchasing an additional 305,857 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth $4,862,000. Finally, Pacific Capital Partners Ltd purchased a new position in shares of Blackstone Mortgage Trust during the first quarter worth $4,000,000. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total value of $29,126.40. Following the sale, the chief financial officer owned 64,082 shares of the company's stock, valued at approximately $1,230,374.40. The trade was a 2.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Katharine A. Keenan sold 6,931 shares of Blackstone Mortgage Trust stock in a transaction that occurred 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 in the company, valued at $4,532,164.82. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,069 shares of company stock worth $231,343 in the last 90 days. 1.02% of the stock is currently owned by insiders.

Blackstone Mortgage Trust Stock Up 0.1%

BXMT stock traded up $0.02 during trading on Monday, hitting $19.54. The company had a trading volume of 231,717 shares, compared to its average volume of 1,399,123. The firm has a market cap of $3.35 billion, a PE ratio of -278.64 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24. The firm has a 50-day moving average price of $19.34 and a 200-day moving average price of $19.32.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lowered their price target on Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating for the company in a research report on Thursday, July 31st. UBS Group raised their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.