Connor Clark & Lunn Investment Management Ltd. Acquires 28,482 Shares of Blackstone Mortgage Trust, Inc. $BXMT

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

Several other large investors have also added to or reduced their stakes in BXMT. Invesco Ltd. boosted its holdings in Blackstone Mortgage Trust by 10.3% during the fourth quarter. Invesco Ltd. now owns 579,004 shares of the real estate investment trust's stock worth $10,080,000 after purchasing an additional 54,184 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Blackstone Mortgage Trust during the fourth quarter worth $1,326,000. Sterling Capital Management LLC raised its position in 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 acquiring an additional 4,873 shares in the last quarter. Summit Investment Advisors Inc. raised its position in Blackstone Mortgage Trust by 5.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock worth $316,000 after acquiring an additional 967 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Blackstone Mortgage Trust by 12.8% during the fourth quarter. XTX Topco Ltd now owns 28,866 shares of the real estate investment trust's stock worth $503,000 after acquiring an additional 3,273 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company's stock.

Analyst Ratings Changes

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

Blackstone Mortgage Trust Stock Up 3.6%

Shares of BXMT traded up $0.6850 during trading hours on Friday, hitting $19.4550. The company had a trading volume of 323,226 shares, compared to its average volume of 1,450,766. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -277.64 and a beta of 1.12. The business has a fifty day moving average of $19.30 and a 200-day moving average of $19.34. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is currently -2,685.71%.

Insider Transactions at Blackstone Mortgage Trust

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