TCG Advisory Services LLC Buys New Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

TCG Advisory Services LLC acquired a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 108,146 shares of the real estate investment trust's stock, valued at approximately $2,300,000. TCG Advisory Services LLC owned 0.06% of Blackstone Mortgage Trust as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BXMT. Vanguard Group Inc. boosted its holdings in Blackstone Mortgage Trust by 15.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust's stock worth $405,492,000 after buying an additional 2,470,412 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Blackstone Mortgage Trust by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,425,059 shares of the real estate investment trust's stock worth $52,745,000 after purchasing an additional 54,490 shares during the period. Northern Trust Corp grew its holdings in Blackstone Mortgage Trust by 22.7% during the 3rd quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust's stock valued at $48,260,000 after buying an additional 410,722 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Blackstone Mortgage Trust by 45.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust's stock valued at $46,578,000 after buying an additional 669,172 shares in the last quarter. Finally, LDR Capital Management LLC raised its position in shares of Blackstone Mortgage Trust by 2.0% during the fourth quarter. LDR Capital Management LLC now owns 1,796,246 shares of the real estate investment trust's stock valued at $38,206,000 after buying an additional 35,056 shares during the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the transaction, the chief executive officer now directly owns 192,023 shares of the company's stock, valued at $3,888,465.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the transaction, the chief executive officer now owns 194,298 shares in the company, valued at $3,967,565.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 2,275 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the sale, the chief executive officer now directly owns 192,023 shares in the company, valued at $3,888,465.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,540 shares of company stock worth $112,642. Company insiders own 1.02% of the company's stock.

Blackstone Mortgage Trust Stock Down 0.1 %

NYSE BXMT traded down $0.01 during trading hours on Friday, hitting $17.99. 1,837,347 shares of the company were exchanged, compared to its average volume of 2,312,051. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.83 and a 52 week high of $23.82. The stock has a 50-day moving average price of $19.30 and a 200 day moving average price of $20.44. The stock has a market cap of $3.12 billion, a PE ratio of 599.67 and a beta of 1.44.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 13.79%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust's dividend payout ratio is currently 8,266.67%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BXMT shares. Keefe, Bruyette & Woods cut their target price on shares of Blackstone Mortgage Trust from $20.50 to $18.00 and set a "market perform" rating for the company in a research note on Friday, April 26th. Bank of America cut Blackstone Mortgage Trust from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $22.00 to $21.00 in a report on Monday, March 4th. BTIG Research decreased their target price on Blackstone Mortgage Trust from $24.00 to $22.00 and set a "buy" rating on the stock in a research report on Wednesday, April 17th. JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a "neutral" rating for the company in a report on Thursday, April 25th. Finally, UBS Group decreased their price objective on Blackstone Mortgage Trust from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.93.

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.