Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 475,720 shares of the real estate investment trust's stock after selling 73,989 shares during the quarter. Ameriprise Financial Inc. owned 0.27% of Blackstone Mortgage Trust worth $8,291,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ExodusPoint Capital Management LP bought a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth about $4,952,000. Handelsbanken Fonder AB lifted its holdings in shares of Blackstone Mortgage Trust by 17.5% in the 4th quarter. Handelsbanken Fonder AB now owns 57,051 shares of the real estate investment trust's stock worth $993,000 after acquiring an additional 8,500 shares during the last quarter. Norges Bank bought a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth about $35,662,000. Raymond James Financial Inc. bought a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth about $1,326,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust's stock worth $14,607,000 after acquiring an additional 20,487 shares during the last quarter. Institutional investors own 64.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BXMT shares. Keefe, Bruyette & Woods lowered their target price 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. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. UBS Group reiterated a "neutral" rating and set a $19.50 price objective (up previously from $19.00) on shares of Blackstone Mortgage Trust in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. decreased their price objective 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. Four equities research 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 stock presently has an average rating of "Hold" and a consensus price target of $20.50.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 17th. The shares were sold at an average price of $20.70, for a total value of $47,920.50. Following the transaction, the chief executive officer now directly owns 246,172 shares of the company's stock, valued at approximately $5,095,760.40. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Henry N. Nassau purchased 10,000 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was purchased at an average cost of $18.90 per share, for a total transaction 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 approximately $3,457,679.40. The trade was a 5.78% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 5,652 shares of company stock valued at $116,971. Company insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Price Performance

NYSE BXMT traded up $0.05 during trading on Monday, reaching $18.73. 983,281 shares of the company's stock traded hands, compared to its average volume of 1,706,253. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -16.01 and a beta of 1.12. The company's 50 day simple moving average is $19.00 and its two-hundred day simple moving average is $18.93. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.51 and a 12-month high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.04%. The ex-dividend date was Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -408.70%.

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.