Strategic Wealth Partners Ltd. Makes New Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Strategic Wealth Partners Ltd. bought a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,420 shares of the real estate investment trust's stock, valued at approximately $477,000.

A number of other hedge funds also recently modified their holdings of BXMT. Smartleaf Asset Management LLC raised 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 valued at $38,000 after acquiring an additional 1,204 shares in the last quarter. Huntington National Bank boosted its position in shares of Blackstone Mortgage Trust by 1,672.9% during the 4th quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 2,844 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new stake in shares of Blackstone Mortgage Trust during the 4th quarter valued at about $56,000. Sterling Capital Management LLC boosted its holdings in Blackstone Mortgage Trust by 814.9% in the fourth quarter. Sterling Capital Management LLC now owns 5,471 shares of the real estate investment trust's stock worth $95,000 after acquiring an additional 4,873 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Blackstone Mortgage Trust in the fourth quarter worth approximately $102,000. Institutional investors and hedge funds own 64.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BXMT shares. UBS Group reiterated a "neutral" rating and issued a $19.50 price target (up from $19.00) on shares of Blackstone Mortgage Trust in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. JMP Securities reissued a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, Keefe, Bruyette & Woods lowered their price objective 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $20.50.

Insider Transactions at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, Director Henry N. Nassau bought 10,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was purchased at an average price of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the purchase, the director now directly owns 182,946 shares in the company, valued at approximately $3,457,679.40. This trade represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 246,172 shares of the company's stock, valued at $5,095,760.40. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,652 shares of company stock worth $116,971 over the last ninety days. 1.02% of the stock is currently owned by corporate insiders.

Blackstone Mortgage Trust Stock Up 0.3%

NYSE:BXMT traded up $0.05 on Friday, hitting $18.73. The stock had a trading volume of 983,281 shares, compared to its average volume of 1,706,253. The company has a fifty day moving average price of $19.04 and a two-hundred day moving average price of $18.94. 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 -16.01 and a beta of 1.12.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.04%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -408.70%.

Blackstone Mortgage Trust 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.