MADDEN SECURITIES Corp Has $247,000 Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

MADDEN SECURITIES Corp cut its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 52.9% in the 1st quarter, according to its most recent 13F filing with the 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 SEC filing.

Other large investors have also bought and sold shares of the company. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Blackstone Mortgage Trust by 1.7% in the fourth 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 in the last quarter. CIBC Asset Management Inc raised its position 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 buying an additional 785 shares during the last quarter. IFP Advisors Inc raised its position in Blackstone Mortgage Trust by 9.1% in the 4th quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock valued at $175,000 after buying an additional 841 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in Blackstone Mortgage Trust by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock valued at $316,000 after acquiring an additional 967 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in 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 last quarter. 64.15% of the stock is owned by institutional investors.

Blackstone Mortgage Trust Stock Up 1.1%

Shares of NYSE:BXMT traded up $0.21 during midday trading on Tuesday, hitting $19.44. The stock had a trading volume of 935,969 shares, compared to its average volume of 1,675,352. The company has a market cap of $3.33 billion, a P/E ratio of -16.61 and a beta of 1.11. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The business's 50-day simple moving average is $18.72 and its 200-day simple moving average is $18.97.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.67%. Blackstone Mortgage Trust's payout ratio is -408.70%.

Insider Transactions at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,315 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the transaction, the chief executive officer now owns 246,172 shares of the company's stock, valued at $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 is available through this link. Also, Director Henry N. Nassau acquired 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $18.90 per share, with a total value of $189,000.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. 1.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. UBS Group reissued a "neutral" rating and set a $19.50 price target (up from $19.00) on shares of Blackstone Mortgage Trust in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. reduced 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 research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of "Hold" and an average price target 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.