Sequoia Financial Advisors LLC Has $940,000 Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Sequoia Financial Advisors LLC lessened its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 54.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,989 shares of the real estate investment trust's stock after selling 55,674 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Blackstone Mortgage Trust were worth $940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Smartleaf Asset Management LLC raised its position in Blackstone Mortgage Trust by 125.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 1,204 shares during the period. Huntington National Bank grew its holdings in shares of Blackstone Mortgage Trust by 1,672.9% during the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock worth $52,000 after buying an additional 2,844 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Blackstone Mortgage Trust in the 4th quarter valued at $56,000. GAMMA Investing LLC lifted its holdings in shares of Blackstone Mortgage Trust by 187.8% in the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 1,944 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of Blackstone Mortgage Trust by 18,595.8% during the 1st quarter. Sound Income Strategies LLC now owns 4,487 shares of the real estate investment trust's stock worth $90,000 after purchasing an additional 4,463 shares in the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Stock Down 0.1%

Shares of NYSE:BXMT traded down $0.01 during trading on Friday, reaching $19.83. The stock had a trading volume of 497,495 shares, compared to its average volume of 1,637,404. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of -43.11 and a beta of 1.10. The stock has a fifty day simple moving average of $19.19 and a two-hundred day simple moving average of $19.02. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 9.48%. Blackstone Mortgage Trust's payout ratio is presently -408.70%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Katharine A. Keenan sold 6,931 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total transaction of $132,590.03. Following the completion of the transaction, the chief executive officer owned 236,914 shares in the company, valued at approximately $4,532,164.82. This trade represents a 2.84% decrease in their position. 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 three months. 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.