Deutsche Bank AG Cuts Stock Position in Blackstone Mortgage Trust, Inc. $BXMT

Key Points

• Deutsche Bank AG reduced its stake in Blackstone Mortgage Trust, Inc. by 9.7%, owning approximately 132,198 shares valued at $2.64 million after selling 14,252 shares in Q1.
• Insider trading shows CEO Katharine A. Keenan and CFO Anthony F. Marone, Jr. have both sold shares recently, reflecting a decrease in their holdings of 2.84% and 2.31%, respectively.
• Blackstone Mortgage Trust declared a quarterly dividend of $0.47 per share, resulting in an annualized dividend of $1.88 and a dividend yield of 10.0%.

Deutsche Bank AG cut its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 9.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,198 shares of the real estate investment trust's stock after selling 14,252 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Blackstone Mortgage Trust worth $2,644,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Glassy Mountain Advisors Inc. boosted its holdings in Blackstone Mortgage Trust by 1.8% in the first quarter. Glassy Mountain Advisors Inc. now owns 57,149 shares of the real estate investment trust's stock valued at $1,143,000 after purchasing an additional 998 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Blackstone Mortgage Trust by 0.9% in the first quarter. Kestra Private Wealth Services LLC now owns 114,637 shares of the real estate investment trust's stock valued at $2,293,000 after purchasing an additional 1,019 shares in the last quarter. Wellington Shields & Co. LLC boosted its holdings in Blackstone Mortgage Trust by 39.8% in the first quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 1,255 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Blackstone Mortgage Trust by 15.4% in the first quarter. Brown Advisory Inc. now owns 13,674 shares of the real estate investment trust's stock valued at $273,000 after purchasing an additional 1,829 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Blackstone Mortgage Trust by 187.8% in the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock valued at $60,000 after purchasing an additional 1,944 shares in the last quarter. 64.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company's 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 in the company, valued at $1,230,374.40. This represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Katharine A. Keenan sold 6,931 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total value 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 a total of 9,248 shares of company stock worth $177,028 over the last three months. 1.02% of the stock is currently owned by insiders.

Blackstone Mortgage Trust Stock Performance

Blackstone Mortgage Trust stock traded up $0.7450 during midday trading on Friday, hitting $19.5150. 1,273,093 shares of the company's stock were exchanged, compared to its average volume of 1,072,004. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.51 and a 12-month high of $21.24. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of -278.79 and a beta of 1.12. The firm's 50 day simple moving average is $19.31 and its 200 day simple moving average is $19.35.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.47 per share. 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 dividend payout ratio (DPR) is presently -2,685.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BXMT. UBS Group upped their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods lowered their price target on 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. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.