Jaffetilchin Investment Partners LLC Acquires Shares of 13,604 Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Jaffetilchin Investment Partners LLC acquired a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,604 shares of the real estate investment trust's stock, valued at approximately $272,000.

Several other large investors also recently made changes to their positions in BXMT. ExodusPoint Capital Management LP acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth $4,952,000. Norges Bank bought a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth $35,662,000. Raymond James Financial Inc. acquired a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at $1,326,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Blackstone Mortgage Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust's stock valued at $44,134,000 after acquiring an additional 121,633 shares during the period. Finally, Deutsche Bank AG increased its position in Blackstone Mortgage Trust by 48.9% in the fourth quarter. Deutsche Bank AG now owns 146,450 shares of the real estate investment trust's stock worth $2,550,000 after purchasing an additional 48,114 shares during the period. Institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Stock Up 1.0%

Blackstone Mortgage Trust stock traded up $0.21 during mid-day trading on Wednesday, hitting $19.79. 521,425 shares of the company's stock were exchanged, compared to its average volume of 1,637,814. The firm has a market capitalization of $3.39 billion, a P/E ratio of -43.03 and a beta of 1.11. The company's 50 day simple moving average is $19.14 and its 200-day simple moving average is $19.01. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date of this dividend is Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio is currently -408.70%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CEO Katharine A. Keenan sold 6,931 shares of the business'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 in the company, valued at $4,532,164.82. The trade was a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm's stock in a transaction dated 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 sale, the chief financial officer owned 64,082 shares of the company's stock, valued at $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. Over the last quarter, insiders have sold 9,248 shares of company stock worth $177,028. Corporate insiders own 1.02% of the company's stock.

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.