Family Manage LLC Purchases Shares of 35,397 Blackstone Mortgage Trust, Inc. $BXMT

Family Manage LLC acquired a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,397 shares of the real estate investment trust’s stock, valued at approximately $678,000.

A number of other hedge funds have also recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in Blackstone Mortgage Trust by 45.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 536 shares in the last quarter. ORG Partners LLC purchased a new stake in Blackstone Mortgage Trust during the 4th quarter valued at approximately $41,000. Ascentis Independent Advisors purchased a new stake in Blackstone Mortgage Trust during the 1st quarter valued at approximately $41,000. UMB Bank n.a. raised its position in shares of Blackstone Mortgage Trust by 151.1% during the fourth quarter. UMB Bank n.a. now owns 2,172 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,307 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $46,000. Institutional investors own 64.15% of the company’s stock.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, President Fernando Austin Pena sold 1,670 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $17.07, for a total transaction of $28,506.90. Following the sale, the president directly owned 72,899 shares in the company, valued at approximately $1,244,385.93. This represents a 2.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 5,420 shares of company stock valued at $95,233. Insiders own 1.18% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $16.72 on Monday. The firm has a fifty day moving average price of $17.66 and a 200 day moving average price of $18.71. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.42 and a fifty-two week high of $20.67. The firm has a market cap of $2.82 billion, a PE ratio of 27.40 and a beta of 0.90.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 308.20%.

Analyst Ratings Changes

BXMT has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Blackstone Mortgage Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 17th. Keefe, Bruyette & Woods reduced their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. UBS Group started coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 price target on the stock. Zacks Research downgraded shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings lowered Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.75.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.