Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Purchased by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. increased its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,577 shares of the real estate investment trust’s stock after acquiring an additional 3,291 shares during the period. Institute for Wealth Management LLC.’s holdings in Blackstone Mortgage Trust were worth $1,374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BXMT. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Blackstone Mortgage Trust by 11.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,516 shares of the real estate investment trust’s stock valued at $713,000 after purchasing an additional 3,335 shares during the period. Bison Wealth LLC acquired a new stake in Blackstone Mortgage Trust during the 4th quarter worth about $207,000. Glassy Mountain Advisors Inc. boosted its position in Blackstone Mortgage Trust by 1.9% during the 4th quarter. Glassy Mountain Advisors Inc. now owns 56,640 shares of the real estate investment trust’s stock worth $1,205,000 after acquiring an additional 1,050 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Blackstone Mortgage Trust during the 4th quarter worth about $1,833,000. Finally, Ellis Investment Partners LLC boosted its position in Blackstone Mortgage Trust by 2.6% during the 4th quarter. Ellis Investment Partners LLC now owns 122,320 shares of the real estate investment trust’s stock worth $2,602,000 after acquiring an additional 3,054 shares during the period. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Up 0.9 %

NYSE BXMT traded up $0.16 during trading on Friday, hitting $18.49. The company’s stock had a trading volume of 1,046,920 shares, compared to its average volume of 2,099,008. The firm has a market cap of $3.21 billion, a P/E ratio of 13.12 and a beta of 1.42. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.83 and a 52 week high of $23.82. The firm has a 50 day moving average price of $19.57 and a 200 day moving average price of $20.68.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio is presently 175.89%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BXMT. Keefe, Bruyette & Woods reduced their price target on Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $21.00 in a research note on Monday, March 4th. UBS Group cut their price objective on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 20th. JPMorgan Chase & Co. cut their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Finally, BTIG Research cut their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.83.

Insider Activity at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the sale, the chief executive officer now owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the transaction, the chief executive officer now owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the transaction, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The disclosure for this sale can be found here. Insiders have sold a total of 5,540 shares of company stock valued at $112,642 in the last 90 days. 1.02% of the stock is owned by corporate insiders.

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 originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.