Deutsche Bank AG Acquires 48,114 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Deutsche Bank AG increased its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 48.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,450 shares of the real estate investment trust's stock after buying an additional 48,114 shares during the quarter. Deutsche Bank AG owned 0.08% of Blackstone Mortgage Trust worth $2,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. True North Advisors LLC boosted its holdings in shares of Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust's stock worth $418,000 after acquiring an additional 558 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in Blackstone Mortgage Trust by 1.7% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust's stock valued at $666,000 after purchasing an additional 624 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Blackstone Mortgage Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock worth $294,000 after purchasing an additional 785 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Blackstone Mortgage Trust by 9.1% during the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock worth $175,000 after purchasing an additional 841 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in shares of Blackstone Mortgage Trust by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock valued at $316,000 after buying an additional 967 shares in the last quarter. Institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Trading Up 0.4%

Shares of NYSE:BXMT traded up $0.07 during trading on Tuesday, hitting $18.80. 58,655 shares of the company's stock were exchanged, compared to its average volume of 1,699,785. The firm has a market cap of $3.23 billion, a P/E ratio of -16.02 and a beta of 1.12. The firm has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $18.93. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend was Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio is presently -408.70%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BXMT shares. UBS Group reiterated a "neutral" rating and set a $19.50 price target (up previously from $19.00) on shares of Blackstone Mortgage Trust in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods reduced their target price on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.50.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, Director Henry N. Nassau bought 10,000 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the acquisition, the director now owns 182,946 shares in the company, valued at approximately $3,457,679.40. This trade represents a 5.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 2,323 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total transaction of $48,086.10. Following the transaction, the chief executive officer now directly owns 248,487 shares in the company, valued at approximately $5,143,680.90. This represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,652 shares of company stock worth $116,971. Insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust 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.