69,649 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Purchased by Waterloo Capital L.P.

Waterloo Capital L.P. bought a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMTFree Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 69,649 shares of the real estate investment trust’s stock, valued at approximately $1,481,000.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Blackstone Mortgage Trust by 35.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,096,198 shares of the real estate investment trust’s stock worth $23,316,000 after purchasing an additional 289,643 shares in the last quarter. Norges Bank acquired a new stake in Blackstone Mortgage Trust in the 4th quarter valued at about $38,747,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at about $1,136,000. Vanguard Group Inc. increased its position in Blackstone Mortgage Trust by 15.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock valued at $405,492,000 after acquiring an additional 2,470,412 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Blackstone Mortgage Trust by 54.2% in the 4th quarter. BNP Paribas Financial Markets now owns 260,466 shares of the real estate investment trust’s stock valued at $5,540,000 after acquiring an additional 91,526 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Katharine A. Keenan sold 2,259 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $17.04, for a total value of $38,493.36. Following the completion of the transaction, the chief executive officer now owns 189,764 shares of the company’s stock, valued at $3,233,578.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the transaction, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,259 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $17.04, for a total transaction of $38,493.36. Following the completion of the transaction, the chief executive officer now owns 189,764 shares of the company’s stock, valued at approximately $3,233,578.56. The disclosure for this sale can be found here. Insiders have sold 5,522 shares of company stock worth $102,944 over the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock traded up $0.02 on Friday, hitting $17.21. The company’s stock had a trading volume of 2,145,748 shares, compared to its average volume of 1,653,988. The stock’s 50 day moving average is $18.14 and its 200-day moving average is $19.87. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $23.82. The company has a market capitalization of $2.99 billion, a PE ratio of 573.67 and a beta of 1.47.

Blackstone Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.62 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 14.41%. Blackstone Mortgage Trust’s payout ratio is 8,266.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BXMT shares. Keefe, Bruyette & Woods lowered their price objective on shares of Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Bank of America lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Wells Fargo & Company reduced their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. BTIG Research reduced their target price on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Finally, UBS Group reduced their target price on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Blackstone Mortgage Trust currently has an average rating of “Hold” and an average price target of $19.93.

Check Out Our Latest Report on BXMT

Blackstone Mortgage Trust Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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