Tidal Investments LLC Acquires New Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Tidal Investments LLC acquired a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,435 shares of the real estate investment trust’s stock, valued at approximately $883,000.

Several other hedge funds have also recently bought and sold shares of BXMT. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Blackstone Mortgage Trust by 6.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,997 shares of the real estate investment trust’s stock worth $505,000 after acquiring an additional 1,648 shares in the last quarter. Raymond James & Associates boosted its position in Blackstone Mortgage Trust by 9.7% during the second quarter. Raymond James & Associates now owns 74,341 shares of the real estate investment trust’s stock worth $1,295,000 after purchasing an additional 6,558 shares during the period. Louisiana State Employees Retirement System grew its holdings in Blackstone Mortgage Trust by 2.3% during the second quarter. Louisiana State Employees Retirement System now owns 87,300 shares of the real estate investment trust’s stock valued at $1,521,000 after purchasing an additional 2,000 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Blackstone Mortgage Trust by 29.1% during the second quarter. Nations Financial Group Inc. IA ADV now owns 360,074 shares of the real estate investment trust’s stock valued at $6,272,000 after purchasing an additional 81,233 shares during the last quarter. Finally, TrueMark Investments LLC bought a new position in shares of Blackstone Mortgage Trust in the second quarter valued at approximately $801,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Wednesday, December 11th. Wells Fargo & Company raised their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.07.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock opened at $18.15 on Friday. The company has a market cap of $3.14 billion, a PE ratio of -13.06 and a beta of 1.50. The firm has a fifty day moving average price of $18.66 and a two-hundred day moving average price of $18.34. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $23.10.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.36%. The ex-dividend date of this dividend is Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is presently -135.25%.

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