Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Purchased by Childress Capital Advisors LLC

Childress Capital Advisors LLC raised its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 360.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 65,397 shares of the real estate investment trust’s stock after acquiring an additional 51,200 shares during the quarter. Childress Capital Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $1,139,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp acquired a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter worth about $26,000. Cape Investment Advisory Inc. purchased a new stake in Blackstone Mortgage Trust in the 4th quarter worth approximately $42,000. Versant Capital Management Inc raised its holdings in Blackstone Mortgage Trust by 66.4% in the 2nd quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 871 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in Blackstone Mortgage Trust in the 4th quarter valued at $51,000. Finally, Westend Capital Management LLC purchased a new position in shares of Blackstone Mortgage Trust during the 1st quarter worth $83,000. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Trading Down 0.3 %

Shares of NYSE BXMT opened at $18.30 on Friday. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 611.50 and a beta of 1.49. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $23.67. The firm has a 50-day moving average of $18.02 and a two-hundred day moving average of $18.43.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. Blackstone Mortgage Trust had a positive return on equity of 10.16% and a negative net margin of 7.98%. The company had revenue of $466.15 million for the quarter, compared to analysts’ expectations of $131.87 million. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.94 earnings per share for the current year.

Blackstone Mortgage Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date of this dividend is Monday, September 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 8,266.67%.

Wall Street Analysts Forecast Growth

BXMT has been the subject of several recent analyst reports. Wolfe Research assumed coverage on Blackstone Mortgage Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating for the company. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Tuesday, July 23rd. Wells Fargo & Company decreased their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. BTIG Research restated a “buy” rating and set a $23.00 price objective on shares of Blackstone Mortgage Trust in a report on Friday, July 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $18.00 target price on shares of Blackstone Mortgage Trust in a research report on Tuesday, June 18th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Blackstone Mortgage Trust presently has an average rating of “Hold” and an average target price of $19.58.

Insiders Place Their Bets

In other news, CEO Katharine A. Keenan sold 2,296 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $17.04, for a total transaction of $39,123.84. Following the sale, the chief executive officer now owns 187,468 shares of the company’s stock, valued at approximately $3,194,454.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Katharine A. Keenan bought 16,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $17.16 per share, with a total value of $274,560.00. Following the completion of the purchase, the chief executive officer now owns 198,960 shares in the company, valued at approximately $3,414,153.60. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 2,296 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $17.04, for a total value of $39,123.84. Following the transaction, the chief executive officer now directly owns 187,468 shares in the company, valued at approximately $3,194,454.72. The disclosure for this sale can be found here. In the last three months, insiders have acquired 83,050 shares of company stock valued at $1,448,135 and have sold 8,796 shares valued at $153,345. Company insiders own 0.93% of the company’s stock.

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.