Nations Financial Group Inc. IA ADV Reduces Position in Blackstone Mortgage Trust, Inc. $BXMT

Key Points

• Nations Financial Group Inc. IA ADV reduced its stake in Blackstone Mortgage Trust by 6.0%, now holding 318,668 shares worth approximately $6.37 million.
• Several hedge funds have recently increased their positions in Blackstone Mortgage Trust, including the Public Sector Pension Investment Board, which grew its holdings by 26.2% to own 544,125 shares valued at about $10.88 million.
• Blackstone Mortgage Trust has announced a quarterly dividend of $0.47 per share, representing an annualized yield of 9.9%.

Nations Financial Group Inc. IA ADV reduced its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 6.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 318,668 shares of the real estate investment trust's stock after selling 20,321 shares during the period. Nations Financial Group Inc. IA ADV owned 0.19% of Blackstone Mortgage Trust worth $6,373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BXMT. Invesco Ltd. lifted its holdings in shares of Blackstone Mortgage Trust by 10.3% in the 4th quarter. Invesco Ltd. now owns 579,004 shares of the real estate investment trust's stock valued at $10,080,000 after purchasing an additional 54,184 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Blackstone Mortgage Trust during the 4th quarter valued at approximately $1,326,000. Sterling Capital Management LLC raised its stake in Blackstone Mortgage Trust by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock valued at $95,000 after acquiring an additional 4,873 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in Blackstone Mortgage Trust by 5.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock valued at $316,000 after acquiring an additional 967 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in Blackstone Mortgage Trust by 12.8% during the 4th quarter. XTX Topco Ltd now owns 28,866 shares of the real estate investment trust's stock valued at $503,000 after acquiring an additional 3,273 shares during the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Trading Up 0.3%

Shares of Blackstone Mortgage Trust stock traded up $0.06 during trading hours on Wednesday, reaching $18.97. 166,812 shares of the company's stock were exchanged, compared to its average volume of 1,460,823. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of -271.00 and a beta of 1.12. The company has a fifty day moving average of $19.33 and a 200-day moving average of $19.34.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -2,685.71%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 6,931 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total value of $132,590.03. Following the transaction, the chief executive officer directly owned 236,914 shares of the company's stock, valued at $4,532,164.82. This trade represents a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $29,126.40. Following the completion of the transaction, the chief financial officer directly owned 64,082 shares in the company, 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. Insiders sold a total of 9,248 shares of company stock worth $177,028 over the last ninety days. Corporate insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BXMT shares. Keefe, Bruyette & Woods cut their target price on Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating for the company in a research note on Thursday, July 31st. JMP Securities reissued a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Finally, UBS Group increased their target price on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average 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.