Rhumbline Advisers Lowers Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Rhumbline Advisers lessened its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 513,637 shares of the real estate investment trust's stock after selling 23,459 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of Blackstone Mortgage Trust worth $10,273,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake 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 worth $38,000 after purchasing an additional 1,204 shares during the period. Huntington National Bank increased its position in Blackstone Mortgage Trust by 1,672.9% in the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock worth $52,000 after purchasing 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 4th quarter valued at approximately $56,000. Sterling Capital Management LLC increased its stake in Blackstone Mortgage Trust by 814.9% during the 4th quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 4,873 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth approximately $102,000. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Stock Up 0.3%

BXMT traded up $0.05 during midday trading on Wednesday, reaching $19.48. The company had a trading volume of 767,592 shares, compared to its average volume of 1,670,195. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The company has a market cap of $3.34 billion, a P/E ratio of -16.65 and a beta of 1.11. The business has a 50-day moving average of $18.72 and a two-hundred day moving average of $18.97.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 9.65%. The ex-dividend date was Monday, March 31st. Blackstone Mortgage Trust's payout ratio is currently -408.70%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Keefe, Bruyette & Woods reduced their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a research report on Monday, April 7th. Finally, UBS Group reiterated a "neutral" rating and issued a $19.50 target price (up previously from $19.00) on shares of Blackstone Mortgage Trust in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.50.

Insiders Place Their Bets

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