XTX Topco Ltd Has $2.31 Million Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Key Points

• XTX Topco Ltd significantly increased its stake in Blackstone Mortgage Trust by purchasing an additional 86,736 shares, boosting its overall ownership by 300.5% in the first quarter.
• Blackstone Mortgage Trust recently declared a quarterly dividend of $0.47 per share, translating to an annualized dividend yield of 10.08%.
• Analysts maintain a consensus "Hold" rating on the stock, with price targets ranging from $18.50 to $20.10 according to recent research updates.

XTX Topco Ltd boosted its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 300.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 115,602 shares of the real estate investment trust's stock after buying an additional 86,736 shares during the quarter. XTX Topco Ltd owned 0.07% of Blackstone Mortgage Trust worth $2,312,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Blackstone Mortgage Trust by 6.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,161 shares of the real estate investment trust's stock worth $823,000 after purchasing an additional 2,639 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Blackstone Mortgage Trust by 19.1% during the 1st quarter. Cetera Investment Advisers now owns 147,753 shares of the real estate investment trust's stock valued at $2,955,000 after acquiring an additional 23,716 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Blackstone Mortgage Trust during the 1st quarter valued at $258,000. Kestra Private Wealth Services LLC grew its holdings in shares of Blackstone Mortgage Trust by 0.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 114,637 shares of the real estate investment trust's stock valued at $2,293,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Blackstone Mortgage Trust during the 1st quarter valued at $3,269,000. Institutional investors and hedge funds own 64.15% of the company's stock.

Insiders Place Their Bets

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total transaction of $29,126.40. Following the transaction, the chief financial officer directly owned 64,082 shares in the company, valued at approximately $1,230,374.40. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Katharine A. Keenan sold 6,931 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total transaction of $132,590.03. Following the transaction, the chief executive officer owned 236,914 shares in the company, valued at $4,532,164.82. The trade was a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,248 shares of company stock valued at $177,028. 1.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BXMT has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. 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 research report on Wednesday, April 16th. 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 target price on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating on the stock in a research note on Thursday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $20.00.

Blackstone Mortgage Trust Stock Performance

Blackstone Mortgage Trust stock traded up $0.16 during trading hours on Friday, hitting $18.64. 1,983,694 shares of the stock were exchanged, compared to its average volume of 1,058,067. The stock has a market capitalization of $3.20 billion, a P/E ratio of -266.29 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The business's 50-day moving average is $19.34 and its two-hundred day moving average is $19.27.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend was Monday, June 30th. Blackstone Mortgage Trust's dividend payout ratio is currently -2,685.71%.

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.