Parametric Portfolio Associates LLC trimmed its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 3.4% in the 1st quarter, HoldingsChannel reports. The fund owned 250,477 shares of the real estate investment trust’s stock after selling 8,859 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Blackstone Mortgage Trust were worth $8,656,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of Blackstone Mortgage Trust by 1.5% in the 4th quarter. Mackenzie Financial Corp now owns 20,465 shares of the real estate investment trust’s stock worth $652,000 after acquiring an additional 300 shares in the last quarter. Pecaut & CO. raised its position in shares of Blackstone Mortgage Trust by 4.3% in the 1st quarter. Pecaut & CO. now owns 8,097 shares of the real estate investment trust’s stock worth $999,000 after acquiring an additional 332 shares in the last quarter. Virtu Financial LLC raised its position in shares of Blackstone Mortgage Trust by 4.0% in the 1st quarter. Virtu Financial LLC now owns 9,556 shares of the real estate investment trust’s stock worth $330,000 after acquiring an additional 367 shares in the last quarter. Regentatlantic Capital LLC raised its position in shares of Blackstone Mortgage Trust by 1.8% in the 1st quarter. Regentatlantic Capital LLC now owns 21,085 shares of the real estate investment trust’s stock worth $729,000 after acquiring an additional 373 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Blackstone Mortgage Trust by 72.0% in the 4th quarter. Advisory Services Network LLC now owns 1,175 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 492 shares in the last quarter. 58.93% of the stock is owned by hedge funds and other institutional investors.

Shares of BXMT stock opened at $36.46 on Friday. Blackstone Mortgage Trust Inc has a 1-year low of $30.84 and a 1-year high of $36.54. The firm has a market cap of $4.58 billion, a P/E ratio of 13.76, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. Blackstone Mortgage Trust had a return on equity of 9.73% and a net margin of 48.22%. The firm had revenue of $106.07 million for the quarter, compared to the consensus estimate of $98.89 million. During the same period in the previous year, the business earned $0.64 EPS. As a group, analysts predict that Blackstone Mortgage Trust Inc will post 2.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 6.80%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 93.58%.

Several brokerages recently weighed in on BXMT. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. JMP Securities restated a “hold” rating on shares of Blackstone Mortgage Trust in a research note on Sunday, February 17th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Blackstone Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price of $35.63.

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 793 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $35.45, for a total transaction of $28,111.85. Following the sale, the chief financial officer now owns 29,824 shares in the company, valued at approximately $1,057,260.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Douglas N. Armer sold 1,913 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $35.46, for a total value of $67,834.98. Following the sale, the treasurer now owns 74,383 shares in the company, valued at approximately $2,637,621.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,073 shares of company stock worth $145,310. 0.95% of the stock is owned by company insiders.

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Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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