Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 815,750 shares of the real estate investment trust's stock after acquiring an additional 141,573 shares during the period. Wells Fargo & Company MN owned about 0.47% of Blackstone Mortgage Trust worth $14,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Blackstone Mortgage Trust in the fourth quarter worth about $35,662,000. ExodusPoint Capital Management LP bought a new position in shares of Blackstone Mortgage Trust during the 4th quarter valued at approximately $4,952,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Blackstone Mortgage Trust by 5.0% in 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. Raymond James Financial Inc. bought a new stake in Blackstone Mortgage Trust in the fourth quarter worth $1,326,000. Finally, Cinctive Capital Management LP bought a new position in Blackstone Mortgage Trust during the fourth quarter valued at $1,292,000. Institutional investors own 64.15% of the company's stock.

Blackstone Mortgage Trust Trading Up 1.2 %

Shares of BXMT stock traded up $0.23 during trading hours on Friday, reaching $18.32. 920,265 shares of the company's stock were exchanged, compared to its average volume of 1,808,657. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The stock has a market cap of $3.14 billion, a PE ratio of -15.65 and a beta of 1.22. The stock's fifty day moving average price is $19.70 and its two-hundred day moving average price is $18.82.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.26%. The ex-dividend date was Monday, March 31st. Blackstone Mortgage Trust's dividend payout ratio is currently -160.68%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of 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. UBS Group reduced their price target on Blackstone Mortgage Trust from $19.50 to $18.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a report on Wednesday. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.25.

Insiders Place Their Bets

In related news, CEO Katharine A. Keenan sold 2,323 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $20.70, for a total value of $48,086.10. Following the completion of the sale, the chief executive officer now owns 248,487 shares of the company's stock, valued at approximately $5,143,680.90. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 5,652 shares of company stock worth $116,971. 0.93% of the stock is owned by corporate insiders.

Blackstone Mortgage Trust 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.