Dupree Financial Group LLC Grows Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Dupree Financial Group LLC boosted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 275,716 shares of the real estate investment trust’s stock after purchasing an additional 2,156 shares during the period. Blackstone Mortgage Trust comprises approximately 2.2% of Dupree Financial Group LLC’s portfolio, making the stock its 19th largest position. Dupree Financial Group LLC owned 0.16% of Blackstone Mortgage Trust worth $4,800,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new position in shares of Blackstone Mortgage Trust in the third quarter worth about $39,000. McIlrath & Eck LLC acquired a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at about $63,000. Future Financial Wealth Managment LLC acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth $95,000. KBC Group NV boosted its holdings in shares of Blackstone Mortgage Trust by 39.3% in the fourth quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,145 shares during the period. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Blackstone Mortgage Trust in the fourth quarter worth $172,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on BXMT. Keefe, Bruyette & Woods dropped their price objective on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their target price on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Blackstone Mortgage Trust currently has an average rating of “Hold” and a consensus price target of $20.14.

Blackstone Mortgage Trust Price Performance

BXMT stock opened at $17.94 on Tuesday. The company has a market capitalization of $3.10 billion, a P/E ratio of -12.90 and a beta of 1.50. The business has a 50-day moving average price of $18.27 and a 200 day moving average price of $18.36. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $20.73.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently -135.25%.

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 originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.