Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC reduced its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 12.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,886 shares of the real estate investment trust’s stock after selling 6,945 shares during the quarter. Apollon Wealth Management LLC’s holdings in Blackstone Mortgage Trust were worth $886,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BXMT. GFS Advisors LLC boosted its position in shares of Blackstone Mortgage Trust by 9,068.6% in the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after buying an additional 453,430 shares in the last quarter. Dupree Financial Group LLC lifted its holdings in Blackstone Mortgage Trust by 98.8% in the 3rd quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock valued at $5,200,000 after purchasing an additional 135,963 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Blackstone Mortgage Trust by 167.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock valued at $3,289,000 after purchasing an additional 108,409 shares in the last quarter. Weiss Asset Management LP purchased a new position in Blackstone Mortgage Trust in the 3rd quarter valued at about $1,937,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Blackstone Mortgage Trust in the 3rd quarter valued at about $1,695,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Price Performance

NYSE:BXMT opened at $18.91 on Wednesday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $20.73. The stock’s 50-day moving average is $18.20 and its two-hundred day moving average is $18.34. The stock has a market cap of $3.27 billion, a PE ratio of -13.60 and a beta of 1.50.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.94%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -135.25%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. 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 research note on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and three have issued 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 $20.14.

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.