Tidal Investments LLC Cuts Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Tidal Investments LLC lowered its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 58.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,099 shares of the real estate investment trust's stock after selling 27,336 shares during the period. Tidal Investments LLC's holdings in Blackstone Mortgage Trust were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BXMT. KBC Group NV lifted its position in shares of Blackstone Mortgage Trust by 39.3% in the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 2,145 shares during the period. GFS Advisors LLC lifted its holdings in Blackstone Mortgage Trust by 11.5% in the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust's stock valued at $8,900,000 after buying an additional 52,750 shares during the period. Dupree Financial Group LLC boosted its position in Blackstone Mortgage Trust by 0.8% during the fourth quarter. Dupree Financial Group LLC now owns 275,716 shares of the real estate investment trust's stock valued at $4,800,000 after acquiring an additional 2,156 shares during the last quarter. Wealthstar Advisors LLC bought a new stake in Blackstone Mortgage Trust during the fourth quarter valued at $178,000. Finally, Naples Global Advisors LLC grew its holdings in Blackstone Mortgage Trust by 23.2% during the 4th quarter. Naples Global Advisors LLC now owns 21,340 shares of the real estate investment trust's stock worth $382,000 after acquiring an additional 4,025 shares during the period. Institutional investors and hedge funds own 64.15% of the company's stock.

Insider Transactions 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 shares were acquired at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the acquisition, the director now owns 182,946 shares in the company, valued at $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 can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,315 shares of the stock in a transaction dated Monday, March 17th. The shares were 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 owns 246,172 shares of the company's stock, valued at approximately $5,095,760.40. This trade represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on BXMT shares. JPMorgan Chase & Co. cut their target price on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. UBS Group reissued a "neutral" rating and issued a $19.50 price target (up from $19.00) on shares of Blackstone Mortgage Trust in a research note on Wednesday, May 21st. JMP Securities reaffirmed 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 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $20.50.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT traded down $0.03 during midday trading on Wednesday, hitting $18.76. 125,508 shares of the company's stock were exchanged, compared to its average volume of 1,687,921. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The company has a market cap of $3.22 billion, a PE ratio of -16.04 and a beta of 1.12. The stock has a 50 day moving average price of $18.79 and a 200-day moving average price of $18.95.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date was Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio is currently -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.