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 increased its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 300.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,602 shares of the real estate investment trust's stock after purchasing an additional 86,736 shares during the quarter. XTX Topco Ltd owned approximately 0.07% of Blackstone Mortgage Trust worth $2,312,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at $35,662,000. Balyasny Asset Management L.P. raised its stake in shares of Blackstone Mortgage Trust by 39.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust's stock valued at $49,315,000 after acquiring an additional 801,083 shares during the last quarter. Blackstone Inc. raised its stake in shares of Blackstone Mortgage Trust by 8.2% during the fourth quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust's stock valued at $149,752,000 after acquiring an additional 652,537 shares during the last quarter. Millennium Management LLC raised its stake in shares of Blackstone Mortgage Trust by 473.3% during the fourth quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock valued at $10,882,000 after acquiring an additional 516,023 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at $8,118,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Price Performance

Shares of BXMT 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 1,511,870. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The business has a 50-day moving average of $19.34 and a 200-day moving average of $19.25. The firm has a market capitalization of $3.20 billion, a P/E ratio of -266.29 and a beta of 1.10.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.47 per share. The ex-dividend date was Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 10.1%. Blackstone Mortgage Trust's dividend payout ratio is -408.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Finally, UBS Group raised their price target 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $20.00.

Insider Transactions at Blackstone Mortgage Trust

In other news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the stock in a transaction 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 completion of the sale, the chief financial officer directly owned 64,082 shares in the company, valued at $1,230,374.40. This represents a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 6,931 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer owned 236,914 shares of the company's stock, 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. Insiders sold a total of 9,248 shares of company stock worth $177,028 over the last three months. 1.02% of the stock is owned by company insiders.

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.