MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 81,243 Shares of 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. lifted its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 655,908 shares of the real estate investment trust's stock after acquiring an additional 81,243 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.38% of Blackstone Mortgage Trust worth $13,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. True North Advisors LLC grew its stake in 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 during the period. Glassy Mountain Advisors Inc. grew its stake in 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 during the period. Kestra Private Wealth Services LLC grew its stake in 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 during the period. Wellington Shields & Co. LLC grew its stake in 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 during the period. Finally, SVB Wealth LLC acquired a new stake in Blackstone Mortgage Trust during the first quarter worth approximately $29,000. 64.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BXMT has been the subject of a number of research reports. UBS Group raised their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods reduced their price objective on 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of "Hold" and an average price target of $20.00.

Blackstone Mortgage Trust Trading Down 1.1%

Shares of NYSE:BXMT traded down $0.22 during mid-day trading on Friday, hitting $19.51. 733,843 shares of the company traded hands, compared to its average volume of 1,406,086. The stock has a market cap of $3.35 billion, a P/E ratio of -278.71 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.51 and a 12-month high of $21.24. The stock has a 50-day moving average price of $19.34 and a two-hundred day moving average price of $19.34.

Insider Activity at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 6,931 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total transaction of $132,590.03. Following the transaction, the chief executive officer owned 236,914 shares of the company's stock, valued at $4,532,164.82. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total value of $29,126.40. Following the transaction, the chief financial officer directly owned 64,082 shares in the company, valued at approximately $1,230,374.40. The trade was a 2.31% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,069 shares of company stock worth $231,343. 1.02% of the stock is owned by insiders.

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.