Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stake Lowered by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV trimmed its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 157,699 shares of the real estate investment trust’s stock after selling 9,770 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Blackstone Mortgage Trust were worth $2,746,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in BXMT. Tidal Investments LLC acquired a new stake in Blackstone Mortgage Trust in the third quarter worth $883,000. Diversify Advisory Services LLC bought a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth about $172,000. MBM Wealth Consultants LLC increased its holdings in shares of Blackstone Mortgage Trust by 9.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust’s stock worth $244,000 after acquiring an additional 1,208 shares during the period. True North Advisors LLC lifted its position in Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 558 shares during the last quarter. Finally, KBC Group NV boosted its stake in Blackstone Mortgage Trust by 39.3% during the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,145 shares during the period. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock opened at $18.69 on Wednesday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.51 and a 1 year high of $21.24. The business’s fifty day moving average is $19.35 and its 200-day moving average is $18.88. The stock has a market cap of $3.21 billion, a PE ratio of -15.97 and a beta of 1.12.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. Equities research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.06%. Blackstone Mortgage Trust’s payout ratio is currently -408.70%.

Insider Activity at Blackstone Mortgage Trust

In related 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 completion of the transaction, the chief executive officer now owns 246,172 shares in the company, valued at $5,095,760.40. This trade represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 5,652 shares of company stock valued at $116,971 over the last ninety days. Insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research note on Monday, April 7th. UBS Group lowered 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. JMP Securities reiterated a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their price target on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock 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’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and a consensus price target of $20.25.

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.