Point72 Asset Management L.P. Invests $4.86 Million in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Point72 Asset Management L.P. acquired a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 279,249 shares of the real estate investment trust's stock, valued at approximately $4,862,000. Point72 Asset Management L.P. owned approximately 0.16% of Blackstone Mortgage Trust as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. True North Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 2.4% in the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust's stock worth $418,000 after acquiring an additional 558 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 1.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust's stock worth $666,000 after acquiring an additional 624 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Blackstone Mortgage Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock worth $294,000 after acquiring an additional 785 shares in the last quarter. IFP Advisors Inc increased its position in shares of Blackstone Mortgage Trust by 9.1% in the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock worth $175,000 after acquiring an additional 841 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in shares of Blackstone Mortgage Trust by 5.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock worth $316,000 after acquiring an additional 967 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company's stock.

Blackstone Mortgage Trust Price Performance

NYSE BXMT opened at $19.47 on Tuesday. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of -16.64 and a beta of 1.12. The company's fifty day moving average price is $19.19 and its two-hundred day moving average price is $18.93.

Blackstone Mortgage Trust Announces Dividend

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 dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.66%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is -408.70%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, Director Henry N. Nassau purchased 10,000 shares of Blackstone Mortgage Trust stock in a transaction dated 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 transaction, the director now owns 182,946 shares in the company, valued at $3,457,679.40. This represents a 5.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,315 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the transaction, the chief executive officer now owns 246,172 shares in the company, valued at approximately $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. Insiders have sold 5,652 shares of company stock worth $116,971 in the last ninety days. 1.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BXMT. JPMorgan Chase & Co. dropped their price objective 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. Keefe, Bruyette & Woods lowered their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a report on Monday, April 7th. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Finally, UBS Group lowered their price target on shares of Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating for the company in a 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 data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of "Hold" and an average price target of $20.25.

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.

Want to see what other hedge funds are holding BXMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.