466,296 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 466,296 shares of the real estate investment trust's stock, valued at approximately $8,118,000. Schonfeld Strategic Advisors LLC owned approximately 0.27% of Blackstone Mortgage Trust as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. True North Advisors LLC raised its holdings in Blackstone Mortgage Trust by 2.4% during the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust's stock valued at $418,000 after buying an additional 558 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of Blackstone Mortgage Trust by 1.7% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust's stock worth $666,000 after buying an additional 624 shares during the period. CIBC Asset Management Inc lifted its position in Blackstone Mortgage Trust by 4.9% during the 4th quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust's stock worth $294,000 after acquiring an additional 785 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Blackstone Mortgage Trust by 9.1% in the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust's stock valued at $175,000 after acquiring an additional 841 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in Blackstone Mortgage Trust by 5.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 18,165 shares of the real estate investment trust's stock valued at $316,000 after buying an additional 967 shares during the period. Institutional investors own 64.15% of the company's stock.

Insider Activity

In other news, CEO Katharine A. Keenan sold 2,315 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the transaction, the chief executive officer now owns 246,172 shares of the company's stock, valued at $5,095,760.40. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is currently owned by insiders.

Blackstone Mortgage Trust Stock Performance

Blackstone Mortgage Trust stock traded up $0.18 on Wednesday, reaching $18.87. The company's stock had a trading volume of 125,099 shares, compared to its average volume of 1,736,446. The business's fifty day moving average price is $19.35 and its 200 day moving average price is $18.88. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -16.11 and a beta of 1.12. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24.

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 EPS 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, equities analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 9.97%. The ex-dividend date of this dividend was Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -408.70%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Keefe, Bruyette & Woods dropped their target price on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating for the company in a report on Monday, April 7th. UBS Group lowered their price target on 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. Finally, JPMorgan Chase & Co. cut their price objective on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.25.

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.