GAMMA Investing LLC Raises Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

GAMMA Investing LLC grew its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 5,656.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 59,580 shares of the real estate investment trust's stock after buying an additional 58,545 shares during the period. GAMMA Investing LLC's holdings in Blackstone Mortgage Trust were worth $1,192,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC raised its position in Blackstone Mortgage Trust by 125.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock worth $38,000 after buying an additional 1,204 shares during the last quarter. Huntington National Bank lifted its position in 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 valued at $52,000 after purchasing an additional 2,844 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in Blackstone Mortgage Trust in the fourth quarter valued at about $56,000. Sterling Capital Management LLC boosted its holdings in Blackstone Mortgage Trust by 814.9% in the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock valued at $95,000 after purchasing an additional 4,873 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth approximately $102,000. Institutional investors and hedge funds own 64.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BXMT. JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. UBS Group reissued a "neutral" rating and issued a $19.50 target price (up previously from $19.00) on shares of Blackstone Mortgage Trust in a report on Wednesday, May 21st. Keefe, Bruyette & Woods cut 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, 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $20.50.

Insider Activity

In other news, Director Henry N. Nassau bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $18.90 per share, with a total value of $189,000.00. Following the purchase, the director now 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 SEC, which is available through this link. Company insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Trading Down 1.1%

Shares of NYSE:BXMT traded down $0.21 during midday trading on Tuesday, hitting $19.03. 1,727,778 shares of the stock were exchanged, compared to its average volume of 1,658,011. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24. The company has a 50 day moving average price of $18.85 and a 200-day moving average price of $18.97. The stock has a market cap of $3.26 billion, a P/E ratio of 13.08 and a beta of 1.11.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.88%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -408.70%.

Blackstone Mortgage Trust 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.