Yousif Capital Management LLC Sells 704 Shares of Blackstone Mortgage Trust, Inc. $BXMT

Yousif Capital Management LLC reduced its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,345 shares of the real estate investment trust’s stock after selling 704 shares during the period. Yousif Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $1,219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SVB Wealth LLC bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter worth about $29,000. Jones Financial Companies Lllp increased its holdings in shares of Blackstone Mortgage Trust by 45.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 536 shares during the last quarter. Rossby Financial LCC bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter worth about $49,000. GAMMA Investing LLC increased its holdings in shares of Blackstone Mortgage Trust by 187.8% in the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 1,944 shares during the last quarter. Finally, Wellington Shields & Co. LLC grew its holdings in Blackstone Mortgage Trust by 39.8% during the 1st quarter. Wellington Shields & Co. LLC now owns 4,410 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 1,255 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 4,593 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $19.49, for a total transaction of $89,517.57. Following the completion of the sale, the chief executive officer owned 230,006 shares of the company’s stock, valued at $4,482,816.94. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 8,818 shares of company stock worth $171,190 over the last three months. Corporate insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $17.90 on Tuesday. The company has a 50 day moving average price of $19.00 and a 200-day moving average price of $19.02. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24. The stock has a market capitalization of $3.07 billion, a PE ratio of -255.76 and a beta of 1.15.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.5%. Blackstone Mortgage Trust’s dividend payout ratio is presently -2,685.71%.

Wall Street Analyst Weigh In

Several brokerages recently commented on BXMT. JPMorgan Chase & Co. cut their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a report on Monday. Keefe, Bruyette & Woods upped their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a report on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.63.

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.