Truvestments Capital LLC Has $1.64 Million Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Truvestments Capital LLC lowered its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,923 shares of the real estate investment trust’s stock after selling 19,040 shares during the quarter. Truvestments Capital LLC’s holdings in Blackstone Mortgage Trust were worth $1,635,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Blackstone Mortgage Trust by 5.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock valued at $44,134,000 after acquiring an additional 121,633 shares during the period. Principal Financial Group Inc. increased its holdings in Blackstone Mortgage Trust by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust’s stock valued at $14,607,000 after buying an additional 20,487 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Blackstone Mortgage Trust by 1.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock valued at $11,319,000 after buying an additional 8,444 shares during the period. GFS Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 11.5% during the 4th quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust’s stock valued at $8,900,000 after purchasing an additional 52,750 shares during the last quarter. Finally, Dupree Financial Group LLC grew its holdings in shares of Blackstone Mortgage Trust by 0.8% during the 4th quarter. Dupree Financial Group LLC now owns 275,716 shares of the real estate investment trust’s stock valued at $4,800,000 after purchasing an additional 2,156 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,323 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total value of $48,086.10. Following the sale, the chief executive officer now owns 248,487 shares in the company, valued at $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 3,345 shares of company stock valued at $68,265 in the last three months. 0.93% of the stock is currently owned by corporate insiders.

Blackstone Mortgage Trust Stock Down 0.4 %

NYSE:BXMT opened at $20.25 on Wednesday. The stock has a market cap of $3.47 billion, a P/E ratio of -17.30 and a beta of 1.52. The firm’s fifty day simple moving average is $18.94 and its 200 day simple moving average is $18.73. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $21.09.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. On average, analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio is -160.68%.

Analyst Upgrades and Downgrades

BXMT has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Wednesday, December 11th. Finally, UBS Group upped their price objective on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.67.

About Blackstone Mortgage Trust

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.