Rhumbline Advisers Has $10.27 Million Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Rhumbline Advisers trimmed its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 4.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Blackstone Mortgage Trust by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 18,398,374 shares of the real estate investment trust's stock valued at $320,316,000 after purchasing an additional 63,338 shares during the last quarter. Blackstone Inc. boosted its position in Blackstone Mortgage Trust by 8.2% during the fourth quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust's stock worth $149,752,000 after acquiring an additional 652,537 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Blackstone Mortgage Trust by 39.4% in the 4th 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 period. Charles Schwab Investment Management Inc. raised its holdings in Blackstone Mortgage Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust's stock valued at $44,134,000 after acquiring an additional 121,633 shares during the last quarter. Finally, Norges Bank acquired a new position in Blackstone Mortgage Trust in the 4th quarter valued at $35,662,000. Institutional investors and hedge funds own 64.15% of the company's stock.

Blackstone Mortgage Trust Trading Down 1.9%

BXMT stock traded down $0.38 on Friday, hitting $19.11. 924,496 shares of the company's stock traded hands, compared to its average volume of 1,658,429. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of -16.33 and a beta of 1.11. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24. The stock has a fifty day moving average of $18.78 and a 200-day moving average of $18.98.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.84%. Blackstone Mortgage Trust's dividend payout ratio is currently -408.70%.

Insider Activity at Blackstone Mortgage Trust

In other news, Director Henry N. Nassau purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average cost of $18.90 per share, with a total value of $189,000.00. Following the acquisition, the director now directly owns 182,946 shares of the company's stock, valued at approximately $3,457,679.40. This trade represents a 5.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 2,315 shares of the company'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 sale, the chief executive officer now directly owns 246,172 shares in the company, valued at $5,095,760.40. This 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 owned by corporate insiders.

Wall Street Analyst Weigh In

BXMT has been the topic of several analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $19.50 price objective (up previously from $19.00) on shares of Blackstone Mortgage Trust in a research report on Wednesday, May 21st. 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 note on Wednesday, April 16th. Keefe, Bruyette & Woods cut their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a report on Monday, April 7th. Finally, JMP Securities restated a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $20.50.

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.