Partners Capital Investment Group LLP Buys 42,355 Shares of Blackstone Mortgage Trust, Inc. $BXMT

Key Points

• Partners Capital Investment Group LLP significantly increased its holdings in Blackstone Mortgage Trust, acquiring an additional 42,355 shares, boosting its total ownership by 105.1% to 82,637 shares valued at approximately $1.65 million.
• Multiple analysts have issued ratings for Blackstone Mortgage Trust, with an average target price of $20.00 and ratings of "Buy" from two analysts and "Hold" from four others.
• The company recently declared a quarterly dividend of $0.47, representing a dividend yield of 10.0%, despite a high dividend payout ratio of -2,685.71%.

Partners Capital Investment Group LLP boosted its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 105.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,637 shares of the real estate investment trust's stock after purchasing an additional 42,355 shares during the period. Partners Capital Investment Group LLP's holdings in Blackstone Mortgage Trust were worth $1,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Balyasny Asset Management L.P. increased its stake in shares of Blackstone Mortgage Trust by 39.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust's stock worth $49,315,000 after acquiring an additional 801,083 shares during the last quarter. Blackstone Inc. lifted its stake in shares of Blackstone Mortgage Trust by 8.2% in the fourth quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust's stock valued at $149,752,000 after buying an additional 652,537 shares during the period. Millennium Management LLC lifted its stake in shares of Blackstone Mortgage Trust by 473.3% in the fourth quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock valued at $10,882,000 after buying an additional 516,023 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $8,118,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $4,862,000. Institutional investors and hedge funds own 64.15% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BXMT shares. Keefe, Bruyette & Woods reduced their target price on shares of 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. UBS Group increased their price target on shares of 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, JMP Securities reissued a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.00.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 6,931 shares of Blackstone Mortgage Trust stock in a transaction 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 sale, the chief executive officer directly owned 236,914 shares in the company, valued at approximately $4,532,164.82. The trade was a 2.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Anthony F. Marone, Jr. sold 1,517 shares of Blackstone Mortgage Trust stock in a transaction on 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 in the company, valued at $1,230,374.40. The trade was a 2.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,248 shares of company stock worth $177,028. 1.02% of the stock is currently owned by company insiders.

Blackstone Mortgage Trust Stock Up 0.1%

BXMT stock traded up $0.02 during midday trading on Wednesday, reaching $19.42. The company's stock had a trading volume of 166,585 shares, compared to its average volume of 1,441,727. The business's 50-day simple moving average is $19.32 and its 200-day simple moving average is $19.36. The stock has a market cap of $3.33 billion, a PE ratio of -277.21 and a beta of 1.12. 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, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) 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.