Deutsche Bank AG raised its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 14.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,233 shares of the real estate investment trust’s stock after purchasing an additional 21,076 shares during the quarter. Deutsche Bank AG’s holdings in Blackstone Mortgage Trust were worth $5,040,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Mariner LLC grew its holdings in shares of Blackstone Mortgage Trust by 2.0% during the 2nd quarter. Mariner LLC now owns 16,532 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 321 shares in the last quarter. Edge Wealth Management LLC boosted its holdings in Blackstone Mortgage Trust by 79.2% in the third quarter. Edge Wealth Management LLC now owns 941 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 416 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Blackstone Mortgage Trust by 12.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,730 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 505 shares during the last quarter. Regentatlantic Capital LLC lifted its position in Blackstone Mortgage Trust by 1.7% during the 2nd quarter. Regentatlantic Capital LLC now owns 30,978 shares of the real estate investment trust’s stock worth $988,000 after acquiring an additional 526 shares during the last quarter. Finally, Karpas Strategies LLC lifted its position in Blackstone Mortgage Trust by 1.0% during the 3rd quarter. Karpas Strategies LLC now owns 56,950 shares of the real estate investment trust’s stock worth $1,862,000 after acquiring an additional 550 shares during the last quarter. 51.49% of the stock is currently owned by institutional investors.
In other Blackstone Mortgage Trust news, Director Henry N. Nassau acquired 30,000 shares of Blackstone Mortgage Trust stock in a transaction on Tuesday, November 2nd. The shares were purchased at an average cost of $32.73 per share, with a total value of $981,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Douglas N. Armer sold 832 shares of the firm’s stock in a transaction that occurred on Tuesday, November 9th. The shares were sold at an average price of $33.46, for a total transaction of $27,838.72. The disclosure for this sale can be found here. Insiders have sold 2,469 shares of company stock worth $79,567 over the last three months. 1.06% of the stock is owned by insiders.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, October 26th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Blackstone Mortgage Trust had a net margin of 54.64% and a return on equity of 8.13%. During the same quarter in the previous year, the business earned $0.57 EPS. Equities research analysts expect that Blackstone Mortgage Trust, Inc. will post 2.25 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, December 30th. This represents a $2.48 annualized dividend and a dividend yield of 7.77%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 96.88%.
BXMT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 4th. Keefe, Bruyette & Woods raised shares of Blackstone Mortgage Trust from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Monday, November 29th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Buy” and an average target price of $33.00.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio.
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