Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in Blackstone Mortgage Trust, Inc. $BXMT

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 240.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,339 shares of the real estate investment trust's stock after purchasing an additional 28,482 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Blackstone Mortgage Trust were worth $807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rossby Financial LCC acquired a new position in Blackstone Mortgage Trust in the 1st quarter valued at approximately $49,000. GAMMA Investing LLC increased its position in Blackstone Mortgage Trust by 187.8% in the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 1,944 shares during the period. Wellington Shields & Co. LLC increased its position in Blackstone Mortgage Trust by 39.8% in the 1st quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 1,255 shares during the period. Sound Income Strategies LLC increased its position in shares of Blackstone Mortgage Trust by 18,595.8% during the first quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust's stock worth $90,000 after buying an additional 4,463 shares during the period. Finally, Sterling Capital Management LLC increased its position in shares of Blackstone Mortgage Trust by 814.9% during the fourth quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock worth $95,000 after buying an additional 4,873 shares during the period. Institutional investors own 64.15% of the company's stock.

Insider Transactions at Blackstone Mortgage Trust

In related news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were 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 in the company, valued at approximately $1,230,374.40. This trade represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Katharine A. Keenan sold 6,931 shares of the firm's stock in a transaction dated 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 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 have sold 9,248 shares of company stock valued at $177,028 in the last 90 days. 1.02% of the stock is currently owned by corporate insiders.

Blackstone Mortgage Trust Stock Performance

Shares of Blackstone Mortgage Trust stock traded up $0.0650 during trading hours on Wednesday, reaching $18.9750. The company's stock had a trading volume of 643,362 shares, compared to its average volume of 1,463,935. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24. The company has a market capitalization of $3.26 billion, a P/E ratio of -271.07 and a beta of 1.12. The stock's fifty day simple moving average is $19.33 and its two-hundred day simple moving average is $19.34.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -2,685.71%.

Wall Street Analysts Forecast Growth

BXMT has been the subject of several recent analyst reports. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. 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 report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating for the company in a report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Blackstone Mortgage Trust currently has a consensus rating of "Hold" and a consensus price target of $20.00.

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.