45,395 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Bought by AIA Group Ltd

AIA Group Ltd bought a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 1st quarter, HoldingsChannel.com reports. The fund bought 45,395 shares of the real estate investment trust’s stock, valued at approximately $904,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Texas Permanent School Fund Corp boosted its stake in Blackstone Mortgage Trust by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 150,574 shares of the real estate investment trust’s stock worth $2,998,000 after acquiring an additional 1,929 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Blackstone Mortgage Trust by 33.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 100,190 shares of the real estate investment trust’s stock worth $1,995,000 after buying an additional 25,200 shares during the last quarter. Van ECK Associates Corp raised its holdings in Blackstone Mortgage Trust by 10.7% during the first quarter. Van ECK Associates Corp now owns 645,397 shares of the real estate investment trust’s stock worth $12,850,000 after buying an additional 62,182 shares during the last quarter. Glassy Mountain Advisors Inc. raised its holdings in Blackstone Mortgage Trust by 8.0% during the first quarter. Glassy Mountain Advisors Inc. now owns 61,186 shares of the real estate investment trust’s stock worth $1,218,000 after buying an additional 4,546 shares during the last quarter. Finally, Verity & Verity LLC acquired a new position in Blackstone Mortgage Trust during the first quarter worth $1,705,000. 64.15% of the stock is owned by institutional investors.

Blackstone Mortgage Trust Stock Down 0.4 %

NYSE BXMT traded down $0.08 during trading hours on Friday, reaching $18.88. 2,625,860 shares of the company were exchanged, compared to its average volume of 1,858,110. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.70 and a 1 year high of $23.82. The business’s 50 day simple moving average is $17.73 and its 200-day simple moving average is $19.10. The stock has a market capitalization of $3.28 billion, a P/E ratio of 629.33 and a beta of 1.49.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.48 dividend on an annualized basis and a yield of 13.14%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 8,266.67%.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 4,508 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $17.53, for a total transaction of $79,025.24. Following the completion of the sale, the chief executive officer now owns 182,960 shares in the company, valued at $3,207,288.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,296 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $17.04, for a total transaction of $39,123.84. Following the completion of the transaction, the chief executive officer now owns 187,468 shares in the company, valued at $3,194,454.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Katharine A. Keenan sold 4,508 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $17.53, for a total transaction of $79,025.24. Following the transaction, the chief executive officer now owns 182,960 shares of the company’s stock, valued at approximately $3,207,288.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,057 shares of company stock worth $191,141. Insiders own 0.93% of the company’s stock.

Wall Street Analyst Weigh In

BXMT has been the topic of several research reports. UBS Group lowered their price objective on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Wells Fargo & Company lowered their price objective on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. JPMorgan Chase & Co. lowered their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Thursday, April 25th. BTIG Research lowered their target price on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Wolfe Research initiated coverage on shares of Blackstone Mortgage Trust in a report on Tuesday, June 25th. They issued a “peer perform” rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.93.

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.