MADDEN SECURITIES Corp Trims Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

MADDEN SECURITIES Corp lessened its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 52.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,345 shares of the real estate investment trust's stock after selling 13,875 shares during the quarter. MADDEN SECURITIES Corp's holdings in Blackstone Mortgage Trust were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Sheaff Brock Investment Advisors LLC grew its stake in Blackstone Mortgage Trust by 1.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $666,000 after purchasing an additional 624 shares during the period. CIBC Asset Management Inc grew its stake in Blackstone Mortgage Trust by 4.9% in the 4th quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock valued at $294,000 after purchasing an additional 785 shares during the period. IFP Advisors Inc grew its stake in shares of Blackstone Mortgage Trust by 9.1% during the 4th quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock worth $175,000 after acquiring an additional 841 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Blackstone Mortgage Trust by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock worth $316,000 after acquiring an additional 967 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of Blackstone Mortgage Trust by 7.6% during the 4th quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust's stock worth $248,000 after acquiring an additional 1,007 shares during the period. Institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Stock Performance

NYSE BXMT traded down $0.38 during trading hours on Friday, hitting $19.11. The company had a trading volume of 924,496 shares, compared to its average volume of 1,658,429. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24. The firm has a 50 day simple moving average of $18.78 and a 200 day simple moving average of $18.98. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of -16.33 and a beta of 1.11.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.84%. Blackstone Mortgage Trust's dividend payout ratio is currently -408.70%.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, Director Henry N. Nassau purchased 10,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $18.90 per share, for a total transaction of $189,000.00. Following the transaction, the director now owns 182,946 shares in the company, valued at $3,457,679.40. The trade was a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 2,315 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $5,095,760.40. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on BXMT shares. UBS Group reiterated a "neutral" rating and set a $19.50 price target (up previously from $19.00) on shares of Blackstone Mortgage Trust in a research note on Wednesday, May 21st. JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods cut their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a research note on Monday, April 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.50.

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.