Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 44.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,316 shares of the real estate investment trust's stock after acquiring an additional 16,091 shares during the period. ProShare Advisors LLC's holdings in Blackstone Mortgage Trust were worth $911,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BXMT. Nuveen Asset Management LLC increased its position in shares of Blackstone Mortgage Trust by 2.2% during the fourth quarter. Nuveen Asset Management LLC now owns 813,466 shares of the real estate investment trust's stock worth $14,162,000 after acquiring an additional 17,570 shares during the last quarter. Millennium Management LLC increased its stake in shares of 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 buying an additional 516,023 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Blackstone Mortgage Trust by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 574,665 shares of the real estate investment trust's stock worth $10,005,000 after buying an additional 46,221 shares during the last quarter. Deutsche Bank AG increased its stake in Blackstone Mortgage Trust by 48.9% during the fourth quarter. Deutsche Bank AG now owns 146,450 shares of the real estate investment trust's stock valued at $2,550,000 after purchasing an additional 48,114 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Blackstone Mortgage Trust during the fourth quarter valued at $102,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Henry N. Nassau acquired 10,000 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $18.90 per share, with a total value of $189,000.00. Following the completion of the acquisition, the director now directly owns 182,946 shares of the company's stock, valued at $3,457,679.40. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 2,315 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the sale, the chief executive officer now directly owns 246,172 shares of the company's stock, valued at $5,095,760.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,652 shares of company stock valued at $116,971 over the last 90 days. 1.02% of the stock is currently owned by company insiders.

Blackstone Mortgage Trust Trading Up 1.4%

BXMT stock traded up $0.26 during trading on Tuesday, hitting $18.99. The company had a trading volume of 1,035,639 shares, compared to its average volume of 1,703,570. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of -16.23 and a beta of 1.12. The business has a 50 day moving average of $19.00 and a 200 day moving average of $18.93. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.90%. The ex-dividend date of this dividend was Monday, March 31st. Blackstone Mortgage Trust's payout ratio is currently -408.70%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. UBS Group reissued a "neutral" rating and set a $19.50 price target (up previously from $19.00) on shares of Blackstone Mortgage Trust in a report on Wednesday, May 21st. Keefe, Bruyette & Woods reduced their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a report on Monday, April 7th. Finally, JMP Securities reissued a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.50.

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.