Edgestream Partners L.P. Makes New Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Edgestream Partners L.P. bought a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 163,432 shares of the real estate investment trust's stock, valued at approximately $3,269,000. Edgestream Partners L.P. owned approximately 0.10% of Blackstone Mortgage Trust as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Blackstone Mortgage Trust in the fourth quarter valued at approximately $1,326,000. Farther Finance Advisors LLC increased its stake in Blackstone Mortgage Trust by 1,416.7% in the fourth quarter. Farther Finance Advisors LLC now owns 9,631 shares of the real estate investment trust's stock valued at $168,000 after purchasing an additional 8,996 shares during the last quarter. Swiss National Bank increased its stake in Blackstone Mortgage Trust by 0.8% in the fourth quarter. Swiss National Bank now owns 324,400 shares of the real estate investment trust's stock valued at $5,648,000 after purchasing an additional 2,500 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Blackstone Mortgage Trust by 24.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,563 shares of the real estate investment trust's stock valued at $271,000 after purchasing an additional 3,038 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in Blackstone Mortgage Trust by 4.0% in the fourth quarter. Corient Private Wealth LLC now owns 38,886 shares of the real estate investment trust's stock valued at $677,000 after purchasing an additional 1,490 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company's stock.

Insider Activity at Blackstone Mortgage Trust

In other news, Director Henry N. Nassau acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the transaction, the director directly owned 182,946 shares in the company, valued at approximately $3,457,679.40. This represents a 5.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of Blackstone Mortgage Trust stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 9,248 shares of company stock worth $177,028 in the last three months. Insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Stock Down 1.1%

NYSE:BXMT traded down $0.22 during midday trading on Thursday, reaching $19.50. The stock had a trading volume of 1,712,429 shares, compared to its average volume of 1,593,630. The firm has a fifty day simple moving average of $19.34 and a two-hundred day simple moving average of $19.13. 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 P/E ratio of 13.41 and a beta of 1.10.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.47 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 9.64%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -408.70%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods increased their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "market perform" rating in a research note on Thursday, July 10th. UBS Group raised their target price 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. Finally, JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a research 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 company's stock. Based on data from MarketBeat, Blackstone Mortgage Trust currently has a consensus rating of "Hold" and a consensus price target of $20.58.

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.