Profund Advisors LLC Acquires 2,094 Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT)

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Profund Advisors LLC lifted its holdings in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 23.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,993 shares of the real estate investment trust’s stock after buying an additional 2,094 shares during the period. Profund Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $391,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Providence Capital Advisors LLC increased its holdings in shares of Blackstone Mortgage Trust by 2.8% in the 2nd quarter. Providence Capital Advisors LLC now owns 34,462 shares of the real estate investment trust’s stock worth $1,226,000 after buying an additional 929 shares during the last quarter. MML Investors Services LLC bought a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter worth about $297,000. Roble Belko & Company Inc increased its holdings in shares of Blackstone Mortgage Trust by 0.9% in the 2nd quarter. Roble Belko & Company Inc now owns 70,274 shares of the real estate investment trust’s stock worth $2,500,000 after buying an additional 626 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Blackstone Mortgage Trust by 60.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 12,681 shares of the real estate investment trust’s stock worth $451,000 after buying an additional 4,781 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Blackstone Mortgage Trust by 18.6% in the 2nd quarter. Aptus Capital Advisors LLC now owns 17,264 shares of the real estate investment trust’s stock worth $614,000 after buying an additional 2,704 shares during the last quarter. Hedge funds and other institutional investors own 59.02% of the company’s stock.

BXMT has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Monday, August 26th. ValuEngine downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.83.

NYSE:BXMT traded up $0.03 during mid-day trading on Friday, hitting $36.47. 1,671,611 shares of the stock traded hands, compared to its average volume of 696,928. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 2.94 and a beta of 0.53. Blackstone Mortgage Trust Inc has a 52 week low of $30.84 and a 52 week high of $36.77. The firm’s 50 day moving average is $35.32 and its two-hundred day moving average is $35.39.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $106.48 million for the quarter, compared to the consensus estimate of $103.55 million. Blackstone Mortgage Trust had a net margin of 46.31% and a return on equity of 9.06%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Research analysts predict that Blackstone Mortgage Trust Inc will post 2.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, September 27th. This represents a $2.48 annualized dividend and a yield of 6.80%. Blackstone Mortgage Trust’s payout ratio is 93.58%.

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 749 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $35.42, for a total value of $26,529.58. Following the completion of the sale, the chief financial officer now directly owns 28,659 shares of the company’s stock, valued at approximately $1,015,101.78. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Douglas N. Armer sold 915 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $35.36, for a total transaction of $32,354.40. Following the completion of the sale, the executive vice president now directly owns 71,637 shares of the company’s stock, valued at $2,533,084.32. The disclosure for this sale can be found here. Insiders have sold a total of 3,240 shares of company stock worth $114,739 over the last quarter. 0.95% of the stock is currently owned by insiders.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

Read More: How to invest in a bear market

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

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