Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,150 shares of the real estate investment trust’s stock after buying an additional 3,186 shares during the period. Parallel Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its stake in Blackstone Mortgage Trust by 125.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,204 shares during the last quarter. McIlrath & Eck LLC acquired a new position in Blackstone Mortgage Trust during the third quarter worth $63,000. Steward Partners Investment Advisory LLC boosted its stake in Blackstone Mortgage Trust by 114.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,003 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 3,736 shares during the last quarter. KBC Group NV boosted its stake in Blackstone Mortgage Trust by 39.3% during 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 last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Blackstone Mortgage Trust by 1,416.7% during the fourth quarter. Farther Finance Advisors LLC now owns 9,631 shares of the real estate investment trust’s stock worth $168,000 after buying an additional 8,996 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 0.1 %

BXMT stock opened at $21.09 on Friday. The company has a market capitalization of $3.62 billion, a PE ratio of -18.02 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $21.24. The business’s fifty day moving average price is $19.36 and its 200 day moving average price is $18.84.

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%. Research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 8.92%. Blackstone Mortgage Trust’s dividend payout ratio is presently -160.68%.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,323 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $20.70, for a total transaction of $48,086.10. Following the sale, the chief executive officer now owns 248,487 shares in the company, valued at $5,143,680.90. This represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 5,652 shares of company stock worth $116,971. 0.93% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BXMT shares. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Wednesday, December 11th. UBS Group upped their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods upped their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. upped their price target on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.67.

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.