Raymond James Financial Services Advisors Inc. has boosted its stake in Blackstone Mortgage Trust, Inc. by 20.4%, as per the recent Form 13F filing with the Securities and Exchange Commission. This places the institutional investor with a total of 50,352 shares of the real estate investment trust’s (REIT) stock that are worth $1,066,000 according to their most recent filing with the SEC.
Blackstone Mortgage Trust is an NYSE-listed REIT that is primarily focused on originating and acquiring senior mortgage loans used for commercial and residential properties in North America and Europe. The firm recently paid its quarter dividend of $0.62 per share which was distributed last April 14th; investors received this payout if they were registered shareholders before March 31st.
Despite having a dividend payout ratio of a staggering percentage due to its high yield at present, Blackstone Mortgage continues to allure insider buyers visibly. Director Henry N Nassau purchased an additional 10,000 shares during Q1 2017 taking his current holding in the company to over $2 million US dollars worth of assets.
In total, insiders have acquired over one hundred thousand dollars’ worth of stocks within the past ninety days alone driving up demand for BXMT on NYSE thus making it more valuable as an investment vehicle.
This pattern suggests that insiders might be anticipating growth in Blackstone’s underlying portfolio or merely trying to benefit from constructive price momentum as fund managers seem increasingly inclined towards investing into self-sustaining REITS like BXMT instead of traditional leveraged asset classes.
Overall though, domestic economic improvement might boost both commercial and residential real estate sales volumes favourable to BXMT; At present yields highly attractive alternative income opportunities compared to rivals within similar sectors such as Annaly Capital Management Incorporated (NYSE:NLY). It will be curious if more prominent players attempt to tap into this market or if Blackstone retains dominance through superior management practices.
Nonetheless, REITs like Blackstone Investment Trust look set to remain active and valuable assets for growth-oriented fund managers seeking returns in the current low-interest-rate environment.
Institutional Investors and Hedge Funds Make Moves on Blackstone Mortgage Trust Inc.
Blackstone Mortgage Trust Inc. has been making headlines as multiple hedge funds and institutional investors have made changes to their positions in the company. In the third quarter, HWG Holdings LP acquired a new position in Blackstone Mortgage Trust worth $26,000, while C M Bidwell & Associates Ltd. announced that it had purchased a new position in the 3rd quarter worth about $43,000. Catalyst Capital Advisors LLC also increased its stake in Blackstone Mortgage Trust by 19.4% in the fourth quarter. Meanwhile, LSV Asset Management acquired a new stake in Blackstone Mortgage Trust during Q4 2020 worth about $148,000.
These changes illustrate interesting developments with one of the largest real estate investment trusts companies with a market capitalization totaling $3.16 billion on NYSE BXMT shares.
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Additionally, Covestor Ltd boosted its position in Blackstone Mortgage Trust by a staggering 153.4% during the first quarter of this year alone. Institutional investors and hedge funds now own 54.01% of the company’s stock.
Several brokerages have recently issued reports on BXMT as well, with JPMorgan Chase & Co reducing their price target from $23.00 to $18.00 in a report on April 24th alone.
Despite being viewed generally favorably throughout Wall Street circles, some experts are wary of investing too much into this real estate investment trust due to possible risks given current economic conditions.
In all likelihood corporate analysts will continue to follow progress from BXMT shares for insight into long-term trends over time, given these fluctuations being reported throughout recent days and weeks across various financial channels such as Bloomberg and other industry-specific outlets.
BXMT opened at $18.34 on May 28th based on data from Yahoo Finance detailing market capitalization estimates of just over $3 billion. A PE ratio of 12.07 and a beta of 1.33 suggest additional changes could be forthcoming, with the stock’s fifty-day moving average price coming in at approximately $17.67 as well.
Investors should continue to monitor developments closely as the market shifts rapidly and things can change with any blip on an economic radar screen going forward into the second half of this year and beyond.
