Bayforest Capital Ltd Raises Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Key Points

• Bayforest Capital Ltd significantly increased its stake in Blackstone Mortgage Trust by 185.7%, owning 30,719 shares valued at $614,000 as of the latest reporting period.
• Several other institutional investors also boosted their holdings in Blackstone Mortgage Trust, with XTX Topco Ltd raising its position by 300.5%.
• Blackstone Mortgage Trust announced a quarterly dividend of $0.47 per share, yielding 9.70%, with a payout ratio of -408.70%.

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

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rossby Financial LCC purchased a new stake in shares of Blackstone Mortgage Trust during the 1st quarter valued at about $49,000. Huntington National Bank lifted its stake in shares of Blackstone Mortgage Trust by 1,672.9% in the 4th 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. GAMMA Investing LLC increased its position in shares of Blackstone Mortgage Trust by 187.8% during the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 1,944 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of Blackstone Mortgage Trust by 18,595.8% in the first quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust's stock valued at $90,000 after acquiring an additional 4,463 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of Blackstone Mortgage Trust by 814.9% in the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock worth $95,000 after acquiring an additional 4,873 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Price Performance

Blackstone Mortgage Trust stock traded up $0.16 during trading hours on Friday, reaching $18.64. The stock had a trading volume of 1,983,694 shares, compared to its average volume of 1,511,870. The company has a market cap of $3.20 billion, a price-to-earnings ratio of -266.29 and a beta of 1.10. The business's 50 day moving average price is $19.34 and its 200-day moving average price is $19.25. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.1%. The ex-dividend date was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -408.70%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 6,931 shares of the stock in a transaction dated Tuesday, June 17th. The stock was 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 approximately $4,532,164.82. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of the business's stock in a transaction dated 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 in the company, valued at $1,230,374.40. The trade was a 2.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,248 shares of company stock worth $177,028 over the last three months. Corporate insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

BXMT has been the subject of several recent analyst reports. UBS Group boosted their target price on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods lowered their price objective on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating for the company in a research report on Thursday. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Blackstone Mortgage Trust currently 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.