New Age Alpha Advisors LLC Purchases New Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Key Points

• New Age Alpha Advisors LLC has invested approximately $499,000 in Blackstone Mortgage Trust, acquiring 24,963 shares during the first quarter.
• Insider transactions included CFO Anthony F. Marone, Jr. and CEO Katharine A. Keenan selling shares, which collectively represented a decrease of around 2.3% and 2.84% in their respective positions.
• Blackstone Mortgage Trust recently declared a quarterly dividend of $0.47 per share, reflecting an annualized yield of 10.0%.

New Age Alpha Advisors LLC purchased a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 24,963 shares of the real estate investment trust's stock, valued at approximately $499,000.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Blackstone Mortgage Trust by 1.9% in the first quarter. Principal Financial Group Inc. now owns 854,617 shares of the real estate investment trust's stock worth $17,092,000 after buying an additional 15,644 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Blackstone Mortgage Trust by 45.2% in the first quarter. Janney Montgomery Scott LLC now owns 21,109 shares of the real estate investment trust's stock worth $422,000 after buying an additional 6,571 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Blackstone Mortgage Trust by 19.1% in the first quarter. Cetera Investment Advisers now owns 147,753 shares of the real estate investment trust's stock worth $2,955,000 after buying an additional 23,716 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of 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 buying an additional 48,114 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Blackstone Mortgage Trust by 2.2% in the fourth quarter. Nuveen Asset Management LLC now owns 813,466 shares of the real estate investment trust's stock worth $14,162,000 after buying an additional 17,570 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company's stock.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was 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 of the company's stock, valued at $1,230,374.40. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 6,931 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were 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. The trade was a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,248 shares of company stock valued at $177,028 in the last three months. Insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BXMT. JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price target on Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating on the stock in a research report on Thursday, July 31st. UBS Group increased their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lowered their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.00.

Blackstone Mortgage Trust Stock Up 1.7%

Shares of Blackstone Mortgage Trust stock traded up $0.33 during mid-day trading on Wednesday, reaching $19.33. 385,095 shares of the stock traded hands, compared to its average volume of 1,479,079. The business has a 50-day moving average of $19.34 and a 200 day moving average of $19.30. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The stock has a market capitalization of $3.32 billion, a PE ratio of -276.07 and a beta of 1.12.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.7%. Blackstone Mortgage Trust's dividend payout ratio is presently -2,685.71%.

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.