Nisa Investment Advisors LLC Lowers Stake in Blackstone Mortgage Trust, Inc. $BXMT

Nisa Investment Advisors LLC lessened its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 27.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 28,378 shares of the real estate investment trust’s stock after selling 10,753 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SVB Wealth LLC purchased a new position in Blackstone Mortgage Trust in the 1st quarter worth approximately $29,000. Jones Financial Companies Lllp raised its position in shares of Blackstone Mortgage Trust by 45.5% during the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 536 shares during the last quarter. FNY Investment Advisers LLC raised its position in shares of Blackstone Mortgage Trust by 420.0% during the second quarter. FNY Investment Advisers LLC now owns 2,600 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 2,100 shares during the last quarter. Rossby Financial LCC purchased a new position in shares of Blackstone Mortgage Trust in the first quarter worth $49,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Blackstone Mortgage Trust by 187.8% in the first 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 in the last quarter. 64.15% of the stock is owned by institutional investors.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT opened at $18.51 on Friday. The firm has a market capitalization of $3.18 billion, a PE ratio of 29.85 and a beta of 1.15. The stock’s fifty day moving average is $18.88 and its 200 day moving average is $19.06. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.47 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.2%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -2,685.71%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BXMT shares. JPMorgan Chase & Co. raised their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.00 and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of Blackstone Mortgage Trust in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, October 9th. Finally, UBS Group lifted their target price on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.75.

Insiders Place Their Bets

In related news, CEO Katharine A. Keenan sold 4,593 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $19.49, for a total value of $89,517.57. Following the transaction, the chief executive officer owned 230,006 shares of the company’s stock, valued at $4,482,816.94. This trade represents a 1.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 8,818 shares of company stock valued at $171,190 in the last 90 days. Company insiders own 1.02% of the company’s stock.

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.