State of New Jersey Common Pension Fund D increased its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 13.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,005 shares of the real estate investment trust’s stock after purchasing an additional 12,270 shares during the period. State of New Jersey Common Pension Fund D owned 0.06% of Blackstone Mortgage Trust worth $1,892,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in BXMT. Allworth Financial LP acquired a new stake in shares of Blackstone Mortgage Trust during the first quarter valued at about $26,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of Blackstone Mortgage Trust during the first quarter valued at about $33,000. EverSource Wealth Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 4,842.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 1,598 shares during the last quarter. OLD Mission Capital LLC purchased a new position in shares of Blackstone Mortgage Trust in the fourth quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 19.4% in the fourth quarter. Catalyst Capital Advisors LLC now owns 3,200 shares of the real estate investment trust’s stock valued at $68,000 after purchasing an additional 520 shares in the last quarter. 53.63% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Michael B. Nash bought 50,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was acquired at an average price of $17.22 per share, for a total transaction of $861,000.00. Following the acquisition, the director now owns 518,455 shares in the company, valued at approximately $8,927,795.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Michael B. Nash bought 50,000 shares of the stock in a transaction dated Wednesday, May 10th. The stock was acquired at an average price of $17.22 per share, for a total transaction of $861,000.00. Following the acquisition, the director now owns 518,455 shares in the company, valued at approximately $8,927,795.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $19.79, for a total transaction of $45,022.25. Following the completion of the transaction, the chief executive officer now owns 155,993 shares of the company’s stock, valued at approximately $3,087,101.47. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,880 shares of company stock worth $186,367. Corporate insiders own 1.02% of the company’s stock.
Analysts Set New Price Targets
Blackstone Mortgage Trust Stock Down 1.5 %
NYSE BXMT opened at $22.63 on Friday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.60 and a 52 week high of $31.46. The stock has a market capitalization of $3.90 billion, a PE ratio of 14.89 and a beta of 1.36. The firm has a 50 day moving average of $19.94 and a two-hundred day moving average of $20.08.
Blackstone Mortgage Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 10.96%. The ex-dividend date was Thursday, June 29th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 163.16%.
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, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes.
Featured Articles
- Five stocks we like better than Blackstone Mortgage Trust
- MarketBeat Week in Review – 7/17 – 7/21
- U.S. Bancorp Shares Rally As Analysts Get Bullish After Q2 Report
- AutoNation Beats Earnings Expectations, Stock Down?
- American Express Hiccups After Earnings, Time To Buy?
- ISRG Stock Sinks After Strong Earnings: Is the Growth Priced In?
Want to see what other hedge funds are holding BXMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report).
Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.
