Nisa Investment Advisors LLC Trims Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Nisa Investment Advisors LLC cut its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 25.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,131 shares of the real estate investment trust's stock after selling 13,611 shares during the period. Nisa Investment Advisors LLC's holdings in Blackstone Mortgage Trust were worth $803,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in BXMT. Rossby Financial LCC purchased a new position in Blackstone Mortgage Trust during the first quarter valued at $49,000. Huntington National Bank raised its stake in shares of Blackstone Mortgage Trust by 1,672.9% in the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 2,844 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth $56,000. GAMMA Investing LLC raised its stake in shares of Blackstone Mortgage Trust by 187.8% in the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,944 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of Blackstone Mortgage Trust by 18,595.8% in the first quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 4,463 shares during the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Price Performance

Shares of NYSE BXMT traded down $0.06 during mid-day trading on Friday, reaching $19.40. The company's stock had a trading volume of 211,288 shares, compared to its average volume of 1,588,216. The firm has a market capitalization of $3.33 billion, a PE ratio of -42.17 and a beta of 1.10. The stock has a fifty day moving average of $19.35 and a two-hundred day moving average of $19.14. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 9.69%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -408.70%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 6,931 shares of the company's 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 sale, the chief executive officer directly owned 236,914 shares in the company, valued at $4,532,164.82. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company's 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 sale, the chief financial officer owned 64,082 shares in the company, valued at approximately $1,230,374.40. This trade represents a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,248 shares of company stock worth $177,028 over the last ninety days. Company insiders own 1.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group boosted their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, July 10th. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $20.58.

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.