24,963 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Bought by New Age Alpha Advisors LLC

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 acquired a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 24,963 shares of the real estate investment trust's stock, valued at approximately $499,000.

Other hedge funds have also recently bought and sold shares of the company. Rossby Financial LCC bought a new stake in shares of Blackstone Mortgage Trust during the 1st quarter worth about $49,000. GAMMA Investing LLC raised its holdings in shares of Blackstone Mortgage Trust by 187.8% in the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,944 shares in the last quarter. Wellington Shields & Co. LLC raised its holdings in shares of Blackstone Mortgage Trust by 39.8% in the 1st quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 1,255 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Blackstone Mortgage Trust by 18,595.8% in the 1st quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 4,463 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Blackstone Mortgage Trust by 814.9% in the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 4,873 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on BXMT. UBS Group boosted their target price on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods dropped their target price on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating on the stock in a report on Thursday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of 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 report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Blackstone Mortgage Trust presently has a consensus rating of "Hold" and an average price target of $20.00.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total value of $29,126.40. Following the transaction, the chief financial officer owned 64,082 shares in the company, valued at approximately $1,230,374.40. This represents a 2.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 6,931 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total transaction of $132,590.03. Following the completion of the transaction, the chief executive officer owned 236,914 shares in the company, valued at approximately $4,532,164.82. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,248 shares of company stock worth $177,028. Company insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT traded up $0.39 during trading hours on Tuesday, hitting $18.99. 964,746 shares of the company's stock traded hands, compared to its average volume of 1,486,389. The firm has a market cap of $3.26 billion, a P/E ratio of -271.27 and a beta of 1.12. The stock's fifty day moving average price is $19.33 and its two-hundred day moving average price is $19.30. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.9%. The ex-dividend date was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio is currently -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.