Invesco Ltd. Has $10.08 Million Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Invesco Ltd. lifted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 579,004 shares of the real estate investment trust's stock after buying an additional 54,184 shares during the period. Invesco Ltd. owned 0.33% of Blackstone Mortgage Trust worth $10,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BXMT. McIlrath & Eck LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $63,000. Virtu Financial LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $350,000. Tidal Investments LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $883,000. Diversify Advisory Services LLC bought a new position in Blackstone Mortgage Trust in the 4th quarter worth about $172,000. Finally, MBM Wealth Consultants LLC increased its stake in shares of Blackstone Mortgage Trust by 9.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust's stock valued at $244,000 after purchasing an additional 1,208 shares during the period. Institutional investors own 64.15% of the company's stock.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,323 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $20.70, for a total transaction of $48,086.10. Following the completion of the sale, the chief executive officer now directly owns 248,487 shares in the company, valued at approximately $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 5,652 shares of company stock worth $116,971. Corporate insiders own 0.93% of the company's stock.

Blackstone Mortgage Trust Price Performance

Shares of NYSE BXMT traded up $0.31 during mid-day trading on Monday, reaching $19.03. 1,007,885 shares of the company traded hands, compared to its average volume of 1,760,779. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The firm has a market cap of $3.27 billion, a PE ratio of -16.26 and a beta of 1.22. The stock has a fifty day simple moving average of $19.53 and a 200-day simple moving average of $18.86.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. As a group, analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 9.88%. The ex-dividend date was Monday, March 31st. Blackstone Mortgage Trust's payout ratio is -160.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BXMT shares. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, UBS Group dropped their price target on shares of Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $20.25.

About Blackstone Mortgage Trust

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.