Price T Rowe Associates Inc. MD Raises Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Price T Rowe Associates Inc. MD raised its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 18.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,542 shares of the real estate investment trust's stock after buying an additional 17,378 shares during the period. Price T Rowe Associates Inc. MD owned about 0.06% of Blackstone Mortgage Trust worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in BXMT. Vanguard Group Inc. increased its position in Blackstone Mortgage Trust by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 18,398,374 shares of the real estate investment trust's stock valued at $320,316,000 after purchasing an additional 63,338 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Blackstone Mortgage Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust's stock valued at $44,134,000 after purchasing an additional 121,633 shares in the last quarter. Norges Bank purchased a new position in Blackstone Mortgage Trust during the fourth quarter valued at approximately $35,662,000. Mesirow Institutional Investment Management Inc. raised its stake in Blackstone Mortgage Trust by 25.6% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 1,096,110 shares of the real estate investment trust's stock worth $19,083,000 after buying an additional 223,461 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its holdings in Blackstone Mortgage Trust by 25.3% during the fourth quarter. Advisors Capital Management LLC now owns 976,489 shares of the real estate investment trust's stock worth $17,001,000 after buying an additional 197,154 shares during the period. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Stock Up 0.9%

Shares of NYSE:BXMT traded up $0.17 during trading on Tuesday, hitting $19.82. 231,585 shares of the stock traded hands, compared to its average volume of 1,728,144. The company has a fifty day moving average price of $19.25 and a two-hundred day moving average price of $18.89. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.51 and a 52-week high of $21.24. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -16.94 and a beta of 1.12.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.49%. The ex-dividend date of this dividend was Monday, March 31st. Blackstone Mortgage Trust's payout ratio is currently -408.70%.

Analysts Set New Price Targets

BXMT has been the topic of a number of analyst reports. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a report on Thursday, May 1st. UBS Group cut their price objective on shares of Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. decreased their target price 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. Finally, Keefe, Bruyette & Woods cut 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 report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Blackstone Mortgage Trust has an average rating of "Hold" and a consensus price target of $20.25.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, Director Henry N. Nassau bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were purchased at an average cost of $18.90 per share, with a total value of $189,000.00. Following the purchase, the director now directly owns 182,946 shares in the company, valued at approximately $3,457,679.40. This represents a 5.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Katharine A. Keenan sold 2,323 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total value of $48,086.10. Following the sale, the chief executive officer now directly owns 248,487 shares in the company, valued at $5,143,680.90. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,652 shares of company stock valued at $116,971 in the last three months. 0.93% of the stock is currently owned by insiders.

Blackstone Mortgage Trust Company 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.