Chartwell Investment Partners LLC Raises Stake in Blackstone Mortgage Trust Inc (NYSE:BXMT)

Chartwell Investment Partners LLC raised its position in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 119,896 shares of the real estate investment trust’s stock after acquiring an additional 709 shares during the quarter. Chartwell Investment Partners LLC owned approximately 0.08% of Blackstone Mortgage Trust worth $2,888,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Claybrook Capital LLC purchased a new position in Blackstone Mortgage Trust in the second quarter worth approximately $263,000. Pinnacle Financial Partners Inc. lifted its stake in Blackstone Mortgage Trust by 23.9% in the second quarter. Pinnacle Financial Partners Inc. now owns 17,576 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 3,396 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Blackstone Mortgage Trust by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,846 shares of the real estate investment trust’s stock worth $309,000 after acquiring an additional 1,300 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Blackstone Mortgage Trust by 2.5% in the second quarter. Lindbrook Capital LLC now owns 48,210 shares of the real estate investment trust’s stock worth $1,161,000 after acquiring an additional 1,195 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Blackstone Mortgage Trust by 33.1% in the second quarter. Nisa Investment Advisors LLC now owns 67,262 shares of the real estate investment trust’s stock worth $1,620,000 after acquiring an additional 16,741 shares during the last quarter. Institutional investors own 53.06% of the company’s stock.

Shares of Blackstone Mortgage Trust stock opened at $24.07 on Friday. The firm’s fifty day simple moving average is $23.58 and its 200-day simple moving average is $27.35. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 27.05 and a beta of 1.26. Blackstone Mortgage Trust Inc has a 12 month low of $12.67 and a 12 month high of $40.62.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.13. The business had revenue of $107.13 million for the quarter, compared to analysts’ expectations of $105.95 million. Blackstone Mortgage Trust had a net margin of 16.38% and a return on equity of 8.36%. During the same period in the previous year, the company posted $0.68 EPS. On average, equities analysts expect that Blackstone Mortgage Trust Inc will post 2.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.62 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 10.30%. Blackstone Mortgage Trust’s payout ratio is 100.81%.

BXMT has been the subject of a number of recent research reports. Credit Suisse Group decreased their price target on shares of Blackstone Mortgage Trust from $37.50 to $24.00 and set a “neutral” rating for the company in a research note on Monday, April 27th. JPMorgan Chase & Co. reduced their price objective on shares of Blackstone Mortgage Trust from $40.50 to $25.50 and set an “overweight” rating for the company in a research report on Tuesday, April 28th. Bank of America upgraded shares of Blackstone Mortgage Trust from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. Deutsche Bank boosted their price objective on shares of Blackstone Mortgage Trust from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. Finally, ValuEngine upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $28.50.

In related news, President Katharine A. Keenan sold 2,782 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $24.36, for a total transaction of $67,769.52. Following the completion of the transaction, the president now directly owns 72,558 shares of the company’s stock, valued at $1,767,512.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Douglas N. Armer sold 1,228 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $25.88, for a total transaction of $31,780.64. Following the completion of the sale, the executive vice president now owns 83,700 shares of the company’s stock, valued at approximately $2,166,156. The disclosure for this sale can be found here. Insiders sold a total of 6,066 shares of company stock worth $155,749 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

See Also: Investing in Dividend Stocks

Want to see what other hedge funds are holding BXMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Mortgage Trust Inc (NYSE:BXMT).

Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.