MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $13.12 Million Holdings in Blackstone Mortgage Trust, Inc. $BXMT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Blackstone Mortgage Trust by 14.1% during Q1, owning a total of 655,908 shares valued at approximately $13.1 million.
• The company announced a quarterly dividend of $0.47, resulting in an annualized dividend of $1.88 and a yield of 9.4%.
• Blackstone Mortgage Trust has a consensus rating of "Hold" from analysts, with a revised average price target of $20.00 per share.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 655,908 shares of the real estate investment trust's stock after buying an additional 81,243 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.38% of Blackstone Mortgage Trust worth $13,118,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. True North Advisors LLC lifted its position in shares of Blackstone Mortgage Trust by 2.2% during the first quarter. True North Advisors LLC now owns 24,509 shares of the real estate investment trust's stock worth $490,000 after purchasing an additional 516 shares in the last quarter. Glassy Mountain Advisors Inc. lifted its position in shares of Blackstone Mortgage Trust by 1.8% during the first quarter. Glassy Mountain Advisors Inc. now owns 57,149 shares of the real estate investment trust's stock worth $1,143,000 after purchasing an additional 998 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Blackstone Mortgage Trust by 0.9% during the first quarter. Kestra Private Wealth Services LLC now owns 114,637 shares of the real estate investment trust's stock worth $2,293,000 after purchasing an additional 1,019 shares in the last quarter. Wellington Shields & Co. LLC lifted its position in shares of Blackstone Mortgage Trust by 39.8% during the first quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 1,255 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Blackstone Mortgage Trust during the first quarter worth approximately $29,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of the sale, the chief financial officer owned 64,082 shares of the company's stock, valued at approximately $1,230,374.40. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Katharine A. Keenan sold 2,315 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $19.25, for a total transaction of $44,563.75. Following the completion of the transaction, the chief executive officer owned 234,599 shares of the company's stock, valued at $4,516,030.75. This trade represents a 0.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,069 shares of company stock valued at $231,343 in the last ninety days. Insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT traded down $0.22 during trading hours on Friday, hitting $19.51. The stock had a trading volume of 733,944 shares, compared to its average volume of 784,781. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24. The company has a market cap of $3.35 billion, a price-to-earnings ratio of -278.71 and a beta of 1.16. The business's 50 day moving average is $19.34 and its 200-day moving average is $19.32.

About Blackstone Mortgage Trust

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.