Capital Fund Management S.A. Purchases Shares of 24,333 Blackstone Mortgage Trust, Inc. $BXMT

Key Points

• Capital Fund Management S.A. has acquired 24,333 shares of Blackstone Mortgage Trust, Inc., valued at approximately $487,000, during the first quarter.
• The recent dividend declared by Blackstone Mortgage Trust was $0.47 per share, representing an annualized yield of 9.7%.
• Institutional investors hold approximately 64.15% of Blackstone Mortgage Trust's stock, indicating significant institutional interest in the company.

Capital Fund Management S.A. bought a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 24,333 shares of the real estate investment trust's stock, valued at approximately $487,000.

Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in Blackstone Mortgage Trust during the fourth quarter worth approximately $1,326,000. MetLife Investment Management LLC increased its stake in shares of Blackstone Mortgage Trust by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 105,914 shares of the real estate investment trust's stock worth $1,844,000 after acquiring an additional 5,768 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Blackstone Mortgage Trust by 36.6% during the 4th quarter. Stifel Financial Corp now owns 96,174 shares of the real estate investment trust's stock worth $1,674,000 after acquiring an additional 25,793 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Blackstone Mortgage Trust by 18.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,542 shares of the real estate investment trust's stock valued at $1,942,000 after acquiring an additional 17,378 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Blackstone Mortgage Trust during the 4th quarter valued at about $234,000. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group lifted their target price on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods decreased their price objective on Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating on the stock in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.00.

Blackstone Mortgage Trust Trading Up 0.7%

Blackstone Mortgage Trust stock traded up $0.13 during midday trading on Monday, reaching $19.55. 582,596 shares of the stock traded hands, compared to its average volume of 872,702. The firm has a market cap of $3.35 billion, a PE ratio of -279.30 and a beta of 1.16. The company has a 50-day simple moving average of $19.33 and a two-hundred day simple moving average of $19.36. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend was Monday, June 30th. Blackstone Mortgage Trust's payout ratio is currently -2,685.71%.

Insider Activity

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of the transaction, the chief financial officer directly owned 64,082 shares of the company's stock, valued at $1,230,374.40. The trade was a 2.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Katharine A. Keenan sold 6,931 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total value of $132,590.03. Following the completion of the transaction, the chief executive officer directly owned 236,914 shares of the company's stock, valued at approximately $4,532,164.82. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,248 shares of company stock valued at $177,028. 1.02% of the stock is currently owned by corporate insiders.

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.