Blackstone Mortgage Trust, Inc. $BXMT Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC lifted its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMTFree Report) by 42.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 95,488 shares of the real estate investment trust’s stock after buying an additional 28,484 shares during the quarter. Parallel Advisors LLC owned 0.06% of Blackstone Mortgage Trust worth $1,827,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BXMT. Norges Bank acquired a new stake in Blackstone Mortgage Trust in the fourth quarter valued at approximately $38,239,000. Bamco Inc. NY lifted its position in shares of Blackstone Mortgage Trust by 1,498.1% during the second quarter. Bamco Inc. NY now owns 1,594,613 shares of the real estate investment trust’s stock worth $30,696,000 after purchasing an additional 1,494,830 shares in the last quarter. UBS Group AG boosted its stake in shares of Blackstone Mortgage Trust by 24.4% in 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. Invesco Ltd. boosted its stake in shares of Blackstone Mortgage Trust by 70.8% in the third quarter. Invesco Ltd. now owns 1,077,590 shares of the real estate investment trust’s stock valued at $19,838,000 after purchasing an additional 446,838 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Blackstone Mortgage Trust by 19.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,607,185 shares of the real estate investment trust’s stock valued at $30,745,000 after purchasing an additional 264,256 shares in the last quarter. 64.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Fernando Austin Pena sold 1,666 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $18.88, for a total value of $31,454.08. Following the completion of the sale, the president directly owned 76,967 shares of the company’s stock, valued at $1,453,136.96. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.18% of the company’s stock.

Blackstone Mortgage Trust Price Performance

BXMT opened at $18.33 on Friday. Blackstone Mortgage Trust, Inc. has a 12-month low of $17.67 and a 12-month high of $20.67. The stock has a market capitalization of $3.09 billion, a PE ratio of 30.05 and a beta of 0.89. The firm’s fifty day moving average price is $18.93 and its 200 day moving average price is $19.24.

Blackstone Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date was Tuesday, March 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 308.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BXMT shares. Keefe, Bruyette & Woods lifted their price target on shares of Blackstone Mortgage Trust from $21.00 to $21.50 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings downgraded Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 22nd. UBS Group assumed coverage on Blackstone Mortgage Trust in a research report on Tuesday. They set a “buy” rating and a $21.00 target price on the stock. BTIG Research reiterated a “buy” rating and issued a $23.00 price target on shares of Blackstone Mortgage Trust in a research note on Tuesday, February 10th. Finally, Zacks Research downgraded Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Blackstone Mortgage Trust has a consensus rating of “Moderate Buy” and an average target price of $21.38.

Read Our Latest Stock Report on Blackstone Mortgage Trust

Blackstone Mortgage Trust 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.

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

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