Deutsche Bank AG Raises Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

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

A number of other hedge funds have also modified their holdings of the business. ExodusPoint Capital Management LP purchased a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth about $4,952,000. Handelsbanken Fonder AB lifted its position in Blackstone Mortgage Trust by 17.5% during the 4th quarter. Handelsbanken Fonder AB now owns 57,051 shares of the real estate investment trust's stock worth $993,000 after acquiring an additional 8,500 shares during the period. Norges Bank purchased a new position in shares of Blackstone Mortgage Trust in the 4th quarter valued at approximately $35,662,000. Raymond James Financial Inc. acquired a new position in shares of Blackstone Mortgage Trust in the fourth quarter valued at approximately $1,326,000. Finally, Principal Financial Group Inc. increased its holdings in shares of Blackstone Mortgage Trust by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust's stock valued at $14,607,000 after purchasing an additional 20,487 shares during the period. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective 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. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. UBS Group reiterated a "neutral" rating and set a $19.50 price target (up from $19.00) on shares of Blackstone Mortgage Trust in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. cut 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $20.50.

Blackstone Mortgage Trust Stock Up 1.4%

Shares of NYSE BXMT traded up $0.26 during midday trading on Tuesday, hitting $18.99. The company had a trading volume of 1,035,639 shares, compared to its average volume of 1,703,570. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of -16.23 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24. The business has a 50-day simple moving average of $18.96 and a two-hundred day simple moving average of $18.93.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.90%. Blackstone Mortgage Trust's payout ratio is -408.70%.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,323 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $20.70, for a total value of $48,086.10. Following the sale, the chief executive officer now directly owns 248,487 shares in the company, valued at $5,143,680.90. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Henry N. Nassau acquired 10,000 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were acquired at an average cost of $18.90 per share, with a total value of $189,000.00. Following the completion of the purchase, the director now owns 182,946 shares in the company, valued at approximately $3,457,679.40. This represents a 5.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 5,652 shares of company stock valued at $116,971 in the last quarter. 1.02% of the stock is currently owned by corporate insiders.

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.