Blackstone Mortgage Trust, Inc. $BXMT Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Blackstone Mortgage Trust by 26.2% during the first quarter, acquiring an additional 113,122 shares and valuing its total holdings at $10.88 million.
• Several institutional investors have also raised their positions in Blackstone Mortgage Trust, with ownership among institutions totaling 64.15% of the company's stock.
• Analysts have mixed opinions on Blackstone Mortgage Trust, with a consensus rating of "Hold" and a range of price targets reflecting potential downward adjustments.

Public Sector Pension Investment Board grew its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 26.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 544,125 shares of the real estate investment trust's stock after buying an additional 113,122 shares during the quarter. Public Sector Pension Investment Board owned 0.32% of Blackstone Mortgage Trust worth $10,882,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in shares of Blackstone Mortgage Trust during the first quarter worth about $3,232,000. Entropy Technologies LP acquired a new stake in shares of Blackstone Mortgage Trust during the first quarter worth $819,000. True North Advisors LLC lifted its stake in shares of Blackstone Mortgage Trust by 2.2% in the 1st quarter. True North Advisors LLC now owns 24,509 shares of the real estate investment trust's stock worth $490,000 after acquiring an additional 516 shares during the period. Condor Capital Management boosted its holdings in Blackstone Mortgage Trust by 6.6% in the 1st quarter. Condor Capital Management now owns 162,144 shares of the real estate investment trust's stock valued at $3,243,000 after purchasing an additional 9,989 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Blackstone Mortgage Trust by 240.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,339 shares of the real estate investment trust's stock worth $807,000 after acquiring an additional 28,482 shares during the period. Hedge funds and other institutional investors own 64.15% of the company's stock.

Analyst Upgrades and Downgrades

BXMT has been the topic of several recent analyst reports. JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. 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 on the stock in a report on Thursday, July 31st. Finally, UBS Group lifted their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $20.00.

Blackstone Mortgage Trust Stock Performance

BXMT traded down $0.14 on Monday, reaching $18.74. 354,268 shares of the company's stock were exchanged, compared to its average volume of 1,469,814. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -267.64 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24. The company's 50 day moving average is $19.35 and its 200-day moving average is $19.33.

Blackstone Mortgage Trust Dividend Announcement

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

Insider Activity

In other news, CEO Katharine A. Keenan sold 6,931 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total transaction of $132,590.03. Following the sale, the chief executive officer directly owned 236,914 shares of the company's stock, valued at approximately $4,532,164.82. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the chief financial officer directly owned 64,082 shares in the company, valued at approximately $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. Insiders sold 9,248 shares of company stock valued at $177,028 in the last ninety days. Company insiders own 1.02% of the company's stock.

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.