Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 813,466 shares of the real estate investment trust's stock after purchasing an additional 17,570 shares during the quarter. Nuveen Asset Management LLC owned about 0.47% of Blackstone Mortgage Trust worth $14,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC increased its holdings in Blackstone Mortgage Trust by 125.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 1,204 shares during the last quarter. Huntington National Bank boosted its position in shares of Blackstone Mortgage Trust by 1,672.9% during the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock worth $52,000 after buying an additional 2,844 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at $56,000. 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 valued at $95,000 after buying an additional 4,873 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth about $102,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Trading Down 1.0%

NYSE:BXMT traded down $0.19 during trading hours on Friday, hitting $18.92. The company's stock had a trading volume of 82,464 shares, compared to its average volume of 1,618,046. The stock has a market capitalization of $3.25 billion, a P/E ratio of -16.17 and a beta of 1.12. The stock has a fifty day moving average of $18.89 and a 200-day moving average of $18.93. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 9.94%. Blackstone Mortgage Trust's dividend payout ratio is presently -408.70%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, Director Henry N. Nassau acquired 10,000 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the purchase, the director now owns 182,946 shares in the company, valued at $3,457,679.40. This trade represents a 5.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,315 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the sale, the chief executive officer now directly owns 246,172 shares of the company's stock, valued at $5,095,760.40. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,652 shares of company stock valued at $116,971. 1.02% of the stock is currently owned by insiders.

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.