Strategic Wealth Partners Ltd. Takes Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Strategic Wealth Partners Ltd. purchased a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,420 shares of the real estate investment trust's stock, valued at approximately $477,000.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its holdings 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 buying an additional 1,204 shares during the last quarter. Huntington National Bank boosted its stake in shares of 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 acquiring an additional 2,844 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth approximately $56,000. Sterling Capital Management LLC increased its position in shares of Blackstone Mortgage Trust by 814.9% during the fourth 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 in the 4th quarter valued at $102,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Stock Up 0.9%

NYSE:BXMT traded up $0.16 on Thursday, hitting $18.71. The stock had a trading volume of 1,219,240 shares, compared to its average volume of 1,715,224. The company has a fifty day moving average price of $19.13 and a two-hundred day moving average price of $18.93. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of -15.99 and a beta of 1.12.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 10.05%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is currently -408.70%.

Analysts Set New Price Targets

BXMT has been the subject of a number of research reports. UBS Group upped their target price on shares of Blackstone Mortgage Trust from $19.00 to $19.50 and gave the stock a "neutral" rating in a report on Wednesday. Keefe, Bruyette & Woods dropped 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 note on Monday, April 7th. JPMorgan Chase & Co. cut 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 report on Wednesday, April 16th. Finally, JMP Securities reissued a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $20.50.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, Director Henry N. Nassau bought 10,000 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was bought at an average cost of $18.90 per share, with a total value of $189,000.00. Following the transaction, the director now directly owns 182,946 shares in the company, valued at $3,457,679.40. The trade was a 5.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 2,315 shares of the business'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 owns 246,172 shares in the company, 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. Insiders have sold 5,652 shares of company stock valued at $116,971 over the last 90 days. 1.02% of the stock is owned by 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.