Family Manage LLC Invests $678,000 in Blackstone Mortgage Trust, Inc. $BXMT

Family Manage LLC acquired a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 and other institutional investors also recently added to or reduced their stakes in BXMT. Jones Financial Companies Lllp raised its stake in Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 536 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Blackstone Mortgage Trust by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 570,233 shares of the real estate investment trust’s stock worth $11,405,000 after buying an additional 37,838 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Blackstone Mortgage Trust by 5.0% in the 1st quarter. Intech Investment Management LLC now owns 73,679 shares of the real estate investment trust’s stock worth $1,474,000 after buying an additional 3,478 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Blackstone Mortgage Trust by 28.1% in the second quarter. Invesco Ltd. now owns 630,752 shares of the real estate investment trust’s stock worth $12,142,000 after acquiring an additional 138,469 shares during the period. Finally, Jump Financial LLC bought a new stake in shares of Blackstone Mortgage Trust in the second quarter worth $226,000. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Up 0.2%

Shares of BXMT opened at $16.72 on Monday. The business has a 50-day simple moving average of $17.66 and a two-hundred day simple moving average of $18.71. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 27.40 and a beta of 0.90. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.42 and a 52 week high of $20.67.

Blackstone Mortgage Trust Dividend Announcement

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

Analyst Ratings Changes

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

Insider Transactions at Blackstone Mortgage Trust

In related news, President Fernando Austin Pena sold 1,670 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $17.07, for a total value of $28,506.90. Following the completion of the sale, the president directly owned 72,899 shares of the company’s stock, valued at approximately $1,244,385.93. This represents a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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. Over the last ninety days, insiders have sold 5,420 shares of company stock valued at $95,233. Corporate insiders own 1.18% of the company’s stock.

About Blackstone Mortgage Trust

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.