Gamco Investors INC. ET AL Makes New $212,000 Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)
Gamco Investors INC. ET AL purchased a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $212,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Blackstone Mortgage Trust by 1.1% in the third quarter. Vanguard Group Inc. now owns 15,544,123 shares of the real estate investment trust’s stock valued at $362,800,000 after acquiring an additional 162,232 shares in the last quarter. State Street Corp increased its holdings in shares of Blackstone Mortgage Trust by 1.8% in the third quarter. State Street Corp now owns 3,483,000 shares of the real estate investment trust’s stock worth $83,443,000 after purchasing an additional 62,812 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Blackstone Mortgage Trust by 6.4% in the fourth quarter. Geode Capital Management LLC now owns 3,178,541 shares of the real estate investment trust’s stock worth $67,289,000 after purchasing an additional 191,244 shares during the last quarter. LDR Capital Management LLC increased its holdings in shares of Blackstone Mortgage Trust by 4.8% in the fourth quarter. LDR Capital Management LLC now owns 1,971,714 shares of the real estate investment trust’s stock worth $41,741,000 after purchasing an additional 90,859 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Blackstone Mortgage Trust by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,916,803 shares of the real estate investment trust’s stock worth $60,936,000 after purchasing an additional 69,295 shares during the last quarter. 54.01% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
BXMT has been the topic of several analyst reports. BTIG Research initiated coverage on Blackstone Mortgage Trust in a research note on Tuesday, April 25th. They set a “buy” rating and a $19.00 price objective on the stock. StockNews.com initiated coverage on Blackstone Mortgage Trust in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods reduced their price objective on Blackstone Mortgage Trust from $25.00 to $18.00 and set a “market perform” rating on the stock in a research note on Thursday, April 13th. Citigroup dropped their target price on Blackstone Mortgage Trust from $24.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, April 6th. Finally, JPMorgan Chase & Co. dropped their target price on Blackstone Mortgage Trust from $23.00 to $18.00 in a research report on Monday, April 24th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.80.
Insider Transactions at Blackstone Mortgage Trust
In other news, Director Henry N. Nassau bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average cost of $17.81 per share, with a total value of $178,100.00. Following the transaction, the director now directly owns 127,348 shares in the company, valued at $2,268,067.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Henry N. Nassau bought 10,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were acquired at an average cost of $17.81 per share, with a total value of $178,100.00. Following the purchase, the director now directly owns 127,348 shares in the company, valued at approximately $2,268,067.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael B. Nash bought 50,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average cost of $17.22 per share, for a total transaction of $861,000.00. Following the completion of the purchase, the director now owns 518,455 shares in the company, valued at $8,927,795.10. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 9,880 shares of company stock valued at $186,367. Corporate insiders own 1.06% of the company’s stock.
Blackstone Mortgage Trust Trading Down 0.9 %
Shares of NYSE BXMT traded down $0.17 during trading hours on Monday, reaching $19.45. The stock had a trading volume of 1,063,125 shares, compared to its average volume of 2,685,643. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 12.90 and a beta of 1.33. The business’s fifty day moving average price is $17.89 and its two-hundred day moving average price is $20.52. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.60 and a 52-week high of $31.46.
Blackstone Mortgage Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Friday, March 31st were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 12.75%. The ex-dividend date of this dividend was Thursday, March 30th. Blackstone Mortgage Trust’s payout ratio is presently 163.16%.
Blackstone Mortgage Trust Company 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, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes.
Further Reading
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