Caxton Associates LLP Purchases New Position in Blackstone Mortgage Trust, Inc. $BXMT

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 purchased a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 88,681 shares of the real estate investment trust's stock, valued at approximately $1,774,000. Caxton Associates LLP owned approximately 0.05% of Blackstone Mortgage Trust at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BXMT. Cetera Investment Advisers increased its holdings in Blackstone Mortgage Trust by 375.3% during the 4th quarter. Cetera Investment Advisers now owns 124,037 shares of the real estate investment trust's stock worth $2,159,000 after acquiring an additional 97,939 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $102,000. Deutsche Bank AG increased its holdings in Blackstone Mortgage Trust by 48.9% during the 4th quarter. Deutsche Bank AG now owns 146,450 shares of the real estate investment trust's stock worth $2,550,000 after acquiring an additional 48,114 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Blackstone Mortgage Trust by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 574,665 shares of the real estate investment trust's stock worth $10,005,000 after acquiring an additional 46,221 shares during the period. Finally, Millennium Management LLC increased its holdings in Blackstone Mortgage Trust by 473.3% during the 4th quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock worth $10,882,000 after acquiring an additional 516,023 shares during the period. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the stock in a transaction 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 transaction, the chief financial officer owned 64,082 shares of the company's stock, valued at $1,230,374.40. This represents a 2.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Katharine A. Keenan sold 6,931 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total transaction of $132,590.03. Following the completion of the sale, the chief executive officer directly owned 236,914 shares of the company's stock, valued at $4,532,164.82. This trade represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,069 shares of company stock worth $231,343 in the last three months. Insiders own 1.02% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods decreased 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 report on Thursday, July 31st. UBS Group upped their target price on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.00.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT opened at $19.92 on Tuesday. The company's fifty day moving average price is $19.34 and its 200-day moving average price is $19.33. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -284.50 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.4%. Blackstone Mortgage Trust's dividend payout ratio is presently -2,685.71%.

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.

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