Transcend Capital Advisors LLC Sells 45,806 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Transcend Capital Advisors LLC trimmed its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 74.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,097 shares of the real estate investment trust’s stock after selling 45,806 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BXMT. Ellis Investment Partners LLC raised its holdings in shares of Blackstone Mortgage Trust by 4.4% in the 3rd quarter. Ellis Investment Partners LLC now owns 168,521 shares of the real estate investment trust’s stock valued at $3,204,000 after purchasing an additional 7,108 shares during the period. Nisa Investment Advisors LLC grew its stake in Blackstone Mortgage Trust by 4.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 69,618 shares of the real estate investment trust’s stock valued at $1,359,000 after buying an additional 2,766 shares during the last quarter. Childress Capital Advisors LLC grew its stake in Blackstone Mortgage Trust by 10.7% in the 3rd quarter. Childress Capital Advisors LLC now owns 72,397 shares of the real estate investment trust’s stock valued at $1,376,000 after buying an additional 7,000 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Blackstone Mortgage Trust in the 3rd quarter valued at about $39,000. Finally, GFS Advisors LLC grew its stake in 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 buying an additional 453,430 shares during the last quarter. 64.15% of the stock is owned by institutional investors.

Blackstone Mortgage Trust Stock Down 1.5 %

Shares of NYSE:BXMT opened at $20.26 on Monday. The company’s 50 day moving average price is $18.40 and its two-hundred day moving average price is $18.50. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $21.09. The firm has a market cap of $3.48 billion, a PE ratio of -17.31 and a beta of 1.50.

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

Blackstone Mortgage Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BXMT shares. Keefe, Bruyette & Woods upped their price target on shares of 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. JPMorgan Chase & Co. upped 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 note on Tuesday, February 18th. Finally, Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.64.

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.