Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 15.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 42,385 shares of the real estate investment trust’s stock after selling 7,967 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Blackstone Mortgage Trust were worth $757,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Blackstone Mortgage Trust by 4,842.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,598 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in Blackstone Mortgage Trust during the 4th quarter valued at approximately $778,000. John & Kathleen Schreiber Foundation boosted its stake in Blackstone Mortgage Trust by 161.5% during the 4th quarter. John & Kathleen Schreiber Foundation now owns 282,929 shares of the real estate investment trust’s stock valued at $5,990,000 after purchasing an additional 174,750 shares during the period. FORA Capital LLC bought a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $284,000. Finally, HighTower Advisors LLC lifted its position in shares of Blackstone Mortgage Trust by 3.1% in the 4th quarter. HighTower Advisors LLC now owns 940,242 shares of the real estate investment trust’s stock worth $19,892,000 after acquiring an additional 28,574 shares during the period. Institutional investors and hedge funds own 53.63% of the company’s stock.
Insider Transactions at Blackstone Mortgage Trust
In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $19.79, for a total transaction of $45,022.25. Following the transaction, the chief executive officer now directly owns 155,993 shares in the company, valued at $3,087,101.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $19.79, for a total transaction of $45,022.25. Following the transaction, the chief executive officer now directly owns 155,993 shares in the company, valued at $3,087,101.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 4,549 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $18.36, for a total value of $83,519.64. Following the transaction, the chief executive officer now owns 159,428 shares in the company, valued at $2,927,098.08. The disclosure for this sale can be found here. Insiders have sold 9,880 shares of company stock worth $186,367 in the last three months. Insiders own 1.02% of the company’s stock.
Analysts Set New Price Targets
BXMT has been the subject of a number of recent analyst reports. Citigroup dropped their price target on Blackstone Mortgage Trust from $24.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, April 6th. StockNews.com started coverage on Blackstone Mortgage Trust in a research note on Thursday, May 18th. They issued a “hold” rating for the company. BTIG Research started coverage on Blackstone Mortgage Trust in a research note on Tuesday, April 25th. They issued a “buy” rating and a $19.00 target price for the company. JPMorgan Chase & Co. lowered their target price on Blackstone Mortgage Trust from $23.00 to $18.00 in a research note on Monday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on Blackstone Mortgage Trust from $25.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, April 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.80.
Blackstone Mortgage Trust Stock Down 0.6 %
NYSE:BXMT opened at $22.10 on Monday. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.60 and a 12-month high of $31.46. The firm has a market capitalization of $3.81 billion, a P/E ratio of 14.54 and a beta of 1.36. The stock’s fifty day simple moving average is $19.37 and its 200-day simple moving average is $20.01.
Blackstone Mortgage Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a $0.62 dividend. The ex-dividend date was Thursday, June 29th. This represents a $2.48 annualized dividend and a dividend yield of 11.22%. Blackstone Mortgage Trust’s dividend payout ratio is currently 163.16%.
Blackstone Mortgage Trust 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
Want to see what other hedge funds are holding BXMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report).
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