Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL boosted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 59.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 318,860 shares of the real estate investment trust's stock after buying an additional 118,757 shares during the quarter. Tudor Investment Corp ET AL owned 0.18% of Blackstone Mortgage Trust worth $5,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BXMT. Vanguard Group Inc. lifted its holdings in Blackstone Mortgage Trust by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 18,398,374 shares of the real estate investment trust's stock valued at $320,316,000 after acquiring an additional 63,338 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Blackstone Mortgage Trust by 5.0% during the 4th 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 acquired a new position in shares of Blackstone Mortgage Trust in the 4th quarter valued at $35,662,000. Mesirow Institutional Investment Management Inc. boosted its holdings in Blackstone Mortgage Trust by 25.6% during 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 grew its position 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 valued at $17,001,000 after buying an additional 197,154 shares during the period. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,315 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.70, for a total value of $47,920.50. Following the transaction, the chief executive officer now directly owns 246,172 shares in the company, valued at approximately $5,095,760.40. This represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 5,652 shares of company stock valued at $116,971. 0.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Keefe, Bruyette & Woods lowered their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research report on Monday, April 7th. 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 research report on Wednesday, April 16th. Finally, UBS Group decreased their target price 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $20.25.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT traded down $0.21 during trading hours on Tuesday, hitting $18.71. 165,289 shares of the stock were exchanged, compared to its average volume of 1,738,808. The stock's 50-day moving average price is $19.38 and its two-hundred day moving average price is $18.88. The company has a market cap of $3.21 billion, a price-to-earnings ratio of -16.00 and a beta of 1.22. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.51 and a 12-month high of $21.24.

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 EPS for the quarter, beating 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, research analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.05%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is presently -408.70%.

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.