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

Other hedge funds have also recently made changes to their positions in the company. Rossby Financial LCC bought a new position in shares of Blackstone Mortgage Trust in the first quarter worth about $49,000. GAMMA Investing LLC boosted its stake in shares of Blackstone Mortgage Trust by 187.8% in the first quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 1,944 shares during the period. Wellington Shields & Co. LLC boosted its stake in shares of Blackstone Mortgage Trust by 39.8% in the first quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 1,255 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Blackstone Mortgage Trust by 18,595.8% in the first quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 4,463 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth about $102,000. Institutional investors own 64.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BXMT shares. Keefe, Bruyette & Woods dropped their price objective 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 price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $20.00.

Insider Activity at Blackstone Mortgage Trust

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of the sale, the chief financial officer directly owned 64,082 shares of the company's stock, valued at $1,230,374.40. This trade represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Katharine A. Keenan sold 6,931 shares of the firm'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 value of $132,590.03. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,248 shares of company stock valued at $177,028 over the last ninety days. Corporate insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Price Performance

NYSE:BXMT opened at $18.7550 on Friday. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -267.93 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The business has a 50 day simple moving average of $19.30 and a 200-day simple moving average of $19.34.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.0%. The ex-dividend date of this dividend was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -2,685.71%.

Blackstone Mortgage Trust 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.

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