Blackstone Mortgage Trust, Inc. $BXMT Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMTFree Report) by 24.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,030,091 shares of the real estate investment trust’s stock after selling 329,154 shares during the quarter. Bank of New York Mellon Corp’s holdings in Blackstone Mortgage Trust were worth $19,726,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. UBS Group AG increased its holdings in shares of Blackstone Mortgage Trust by 24.4% during the third quarter. UBS Group AG now owns 3,082,005 shares of the real estate investment trust’s stock valued at $56,740,000 after purchasing an additional 603,588 shares during the period. Bamco Inc. NY raised its stake in shares of Blackstone Mortgage Trust by 17.9% during the fourth quarter. Bamco Inc. NY now owns 2,000,621 shares of the real estate investment trust’s stock valued at $38,272,000 after purchasing an additional 304,307 shares in the last quarter. Norges Bank bought a new stake in shares of Blackstone Mortgage Trust during the fourth quarter valued at about $38,239,000. Goldman Sachs Group Inc. lifted its holdings in Blackstone Mortgage Trust by 19.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,607,185 shares of the real estate investment trust’s stock worth $30,745,000 after purchasing an additional 264,256 shares during the period. Finally, Invesco Ltd. lifted its holdings in Blackstone Mortgage Trust by 25.7% in the fourth quarter. Invesco Ltd. now owns 1,354,870 shares of the real estate investment trust’s stock worth $25,919,000 after purchasing an additional 277,280 shares during the period. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Down 1.7%

Shares of Blackstone Mortgage Trust stock opened at $16.36 on Thursday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 26.82 and a beta of 0.90. The business has a fifty day simple moving average of $17.57 and a 200-day simple moving average of $18.65. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.32 and a fifty-two week high of $20.67.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.47 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 annualized dividend and a yield of 11.5%. Blackstone Mortgage Trust’s payout ratio is 308.20%.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, President Fernando Austin Pena sold 1,670 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $17.07, for a total value of $28,506.90. Following the completion of the sale, the president directly owned 72,899 shares of the company’s stock, valued at approximately $1,244,385.93. This represents a 2.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 5,420 shares of company stock valued at $95,233 in the last quarter. 1.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BXMT has been the topic of several research analyst reports. UBS Group started coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $21.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, July 17th. Zacks Research cut shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings cut shares of Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a research note on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.75.

Read Our Latest Stock Report on BXMT

Blackstone Mortgage Trust Company Profile

(Free Report)

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.

See Also

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

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