Fiduciary Group LLC Purchases 2,515 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Fiduciary Group LLC raised its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 7.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,931 shares of the real estate investment trust’s stock after purchasing an additional 2,515 shares during the quarter. Fiduciary Group LLC’s holdings in Blackstone Mortgage Trust were worth $743,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Central Bank & Trust Co. bought a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $25,000. GAMMA Investing LLC bought a new stake in shares of Blackstone Mortgage Trust during the 4th quarter valued at $45,000. Sandy Spring Bank grew its position in shares of Blackstone Mortgage Trust by 10,652.0% during the 4th quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 2,663 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Blackstone Mortgage Trust by 4,986.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 6,483 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in Blackstone Mortgage Trust in the 3rd quarter worth $202,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Price Performance

Blackstone Mortgage Trust stock opened at $17.83 on Monday. The firm has a market capitalization of $3.09 billion, a P/E ratio of 597.00 and a beta of 1.42. The company’s 50-day moving average is $19.47 and its 200 day moving average is $20.56. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.83 and a 1-year high of $23.82.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.62 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 13.91%. Blackstone Mortgage Trust’s payout ratio is 8,266.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BXMT shares. BTIG Research reduced their price objective on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Wells Fargo & Company dropped their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $22.00 to $21.00 in a research note on Monday, March 4th. JPMorgan Chase & Co. lowered their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research report on Thursday. Finally, UBS Group decreased 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 report on Thursday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.93.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the transaction, the chief executive officer now directly owns 192,023 shares in the company, valued at $3,888,465.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the sale, the chief executive officer now owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the transaction, the chief executive officer now owns 194,298 shares in the company, valued at $3,967,565.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,540 shares of company stock worth $112,642. 1.02% of the stock is currently owned by insiders.

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.