Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Choreo LLC

Choreo LLC lessened its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 12.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 269,609 shares of the real estate investment trust’s stock after selling 38,113 shares during the period. Choreo LLC owned approximately 0.16% of Blackstone Mortgage Trust worth $4,775,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Artemis Investment Management LLP acquired a new stake in Blackstone Mortgage Trust in the third quarter valued at approximately $24,103,000. GFS Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 9,068.6% in the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock valued at $8,715,000 after purchasing an additional 453,430 shares during the last quarter. Dupree Financial Group LLC raised its holdings in shares of Blackstone Mortgage Trust by 98.8% in the 3rd quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock valued at $5,200,000 after purchasing an additional 135,963 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Blackstone Mortgage Trust by 167.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock worth $3,289,000 after purchasing an additional 108,409 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new position in shares of Blackstone Mortgage Trust during the third quarter worth $1,937,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analysts Set New Price Targets

BXMT has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lowered their price target on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and a consensus price target of $20.14.

Blackstone Mortgage Trust Stock Performance

BXMT opened at $18.64 on Thursday. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $20.73. The stock has a market capitalization of $3.22 billion, a P/E ratio of -13.41 and a beta of 1.50. The business’s 50-day simple moving average is $18.24 and its 200-day simple moving average is $18.34.

Blackstone Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 10.09%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -135.25%.

Blackstone Mortgage Trust Company 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.