88,681 Shares in Blackstone Mortgage Trust, Inc. $BXMT Acquired by Caxton Associates LLP

Key Points

• Caxton Associates LLP purchased 88,681 shares of Blackstone Mortgage Trust, Inc. valued at approximately $1.77 million during the first quarter, representing a 0.05% ownership stake.
• Several other institutional investors significantly increased their holdings in Blackstone Mortgage Trust, including Cetera Investment Advisers which raised its stake by 375.3%.
• The company announced a quarterly dividend of $0.47, which reflects an annualized dividend yield of 9.4%, although the payout ratio is negative at -2,685.71%.

Caxton Associates LLP acquired a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 88,681 shares of the real estate investment trust's stock, valued at approximately $1,774,000. Caxton Associates LLP owned about 0.05% of Blackstone Mortgage Trust as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BXMT. MetLife Investment Management LLC lifted its position in Blackstone Mortgage Trust by 696.6% during the first quarter. MetLife Investment Management LLC now owns 843,692 shares of the real estate investment trust's stock valued at $16,874,000 after purchasing an additional 737,778 shares during the last quarter. Millennium Management LLC lifted its position in Blackstone Mortgage Trust by 473.3% during the fourth quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock valued at $10,882,000 after purchasing an additional 516,023 shares during the last quarter. Dark Forest Capital Management LP lifted its position in Blackstone Mortgage Trust by 1,253.5% during the first quarter. Dark Forest Capital Management LP now owns 330,257 shares of the real estate investment trust's stock valued at $6,605,000 after purchasing an additional 305,857 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Blackstone Mortgage Trust during the fourth quarter valued at $4,862,000. Finally, Pacific Capital Partners Ltd bought a new position in Blackstone Mortgage Trust during the first quarter valued at $4,000,000. Institutional investors own 64.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BXMT. Keefe, Bruyette & Woods reduced their target price on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating on the stock in a research note on Thursday, July 31st. UBS Group raised their price target 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. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Blackstone Mortgage Trust has a consensus rating of "Hold" and a consensus price target of $20.00.

Blackstone Mortgage Trust Price Performance

NYSE BXMT traded down $0.22 during trading on Friday, reaching $19.51. 733,944 shares of the company's stock traded hands, compared to its average volume of 784,781. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of -278.71 and a beta of 1.16. The company's 50 day simple moving average is $19.34 and its two-hundred day simple moving average is $19.32. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.51 and a 12-month high of $21.24.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $19.25, for a total value of $44,563.75. Following the completion of the sale, the chief executive officer directly owned 234,599 shares in the company, valued at $4,516,030.75. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total transaction of $29,126.40. Following the completion of the sale, the chief financial officer owned 64,082 shares of the company's stock, valued at $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 sold a total of 12,069 shares of company stock valued at $231,343 over the last quarter. 1.02% of the stock is owned by company 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.