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

Rothschild Investment LLC cut its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,745 shares of the real estate investment trust’s stock after selling 640 shares during the period. Rothschild Investment LLC’s holdings in Blackstone Mortgage Trust were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GFS Advisors LLC raised its position in Blackstone Mortgage Trust by 9,068.6% in the third 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 period. Advisors Asset Management Inc. raised its holdings in shares of Blackstone Mortgage Trust by 167.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock valued at $3,289,000 after buying an additional 108,409 shares during the period. Weiss Asset Management LP purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter worth about $1,937,000. Centiva Capital LP increased its holdings in Blackstone Mortgage Trust by 405.5% during the 3rd quarter. Centiva Capital LP now owns 60,128 shares of the real estate investment trust’s stock worth $1,143,000 after purchasing an additional 79,809 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter worth about $883,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

NYSE BXMT opened at $20.38 on Wednesday. The business has a 50 day moving average price of $18.46 and a 200 day moving average price of $18.54. The company has a market capitalization of $3.50 billion, a P/E ratio of -17.42 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $21.09.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

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 9.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -160.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BXMT shares. Keefe, Bruyette & Woods upped their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective 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. UBS Group upped their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.71.

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.