Bradley Foster & Sargent Inc. CT Invests $557,000 in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Bradley Foster & Sargent Inc. CT acquired a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,000 shares of the real estate investment trust’s stock, valued at approximately $557,000.

Several other institutional investors and hedge funds have also bought and sold shares of BXMT. Harbor Capital Advisors Inc. bought a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at $39,000. McIlrath & Eck LLC bought a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at about $63,000. KBC Group NV raised its stake in Blackstone Mortgage Trust by 39.3% in the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 2,145 shares during the period. Diversify Advisory Services LLC purchased a new stake in Blackstone Mortgage Trust during the fourth quarter valued at about $172,000. Finally, Wealthstar Advisors LLC bought a new position in Blackstone Mortgage Trust during the fourth quarter worth about $178,000. 64.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Wolfe Research upgraded 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 raised their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and an average price target of $20.64.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT opened at $20.26 on Friday. The firm has a fifty day moving average price of $18.40 and a two-hundred day moving average price of $18.48. The company has a market cap of $3.48 billion, a price-to-earnings ratio of -17.31 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $21.09.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. Equities research analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 9.28%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s payout ratio is -160.68%.

About Blackstone Mortgage Trust

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.