Signaturefd LLC Sells 952 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Signaturefd LLC reduced its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,225 shares of the real estate investment trust’s stock after selling 952 shares during the period. Signaturefd LLC’s holdings in Blackstone Mortgage Trust were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Blackstone Mortgage Trust by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock worth $44,134,000 after purchasing an additional 121,633 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $1,937,000. Centiva Capital LP boosted its holdings in shares of Blackstone Mortgage Trust by 405.5% in the third quarter. Centiva Capital LP now owns 60,128 shares of the real estate investment trust’s stock worth $1,143,000 after buying an additional 79,809 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Blackstone Mortgage Trust during the fourth quarter valued at approximately $1,326,000. Finally, Amundi grew its position in Blackstone Mortgage Trust by 185.3% during the fourth quarter. Amundi now owns 87,220 shares of the real estate investment trust’s stock valued at $1,531,000 after buying an additional 56,654 shares during the period. Institutional investors 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 2,315 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the transaction, the chief executive officer now owns 246,172 shares of the company’s stock, valued at $5,095,760.40. This represents a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 5,652 shares of company stock valued at $116,971 in the last three months. 0.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on BXMT. Keefe, Bruyette & Woods increased their price target on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. UBS Group raised their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their price objective on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.67.

Blackstone Mortgage Trust Stock Performance

Shares of Blackstone Mortgage Trust stock opened at $20.71 on Monday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $21.24. The company has a market capitalization of $3.55 billion, a P/E ratio of -17.70 and a beta of 1.52. The company has a fifty day moving average of $19.43 and a 200 day moving average of $18.87.

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

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 9.08%. The ex-dividend date of this dividend is Monday, March 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently -160.68%.

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.