Boston Partners Trims Stake in Blackstone Mortgage Trust Inc (NYSE:BXMT)

Boston Partners trimmed its holdings in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,335,003 shares of the real estate investment trust’s stock after selling 40,624 shares during the quarter. Boston Partners owned about 0.99% of Blackstone Mortgage Trust worth $47,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Blackstone Mortgage Trust by 7.4% during the second quarter. Vanguard Group Inc. now owns 13,090,532 shares of the real estate investment trust’s stock worth $465,761,000 after buying an additional 902,257 shares in the last quarter. Blackstone Group Inc grew its position in Blackstone Mortgage Trust by 3.0% during the second quarter. Blackstone Group Inc now owns 5,505,875 shares of the real estate investment trust’s stock worth $195,899,000 after buying an additional 158,982 shares in the last quarter. Northern Trust Corp grew its position in Blackstone Mortgage Trust by 3.3% during the second quarter. Northern Trust Corp now owns 2,166,735 shares of the real estate investment trust’s stock worth $77,093,000 after buying an additional 69,279 shares in the last quarter. Nuveen Asset Management LLC grew its position in Blackstone Mortgage Trust by 174.6% during the second quarter. Nuveen Asset Management LLC now owns 1,895,306 shares of the real estate investment trust’s stock worth $67,435,000 after buying an additional 1,205,022 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Blackstone Mortgage Trust by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 1,625,430 shares of the real estate investment trust’s stock worth $51,976,000 after buying an additional 103,508 shares in the last quarter. Institutional investors and hedge funds own 59.02% of the company’s stock.

In other news, EVP Douglas N. Armer sold 915 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $35.36, for a total value of $32,354.40. Following the completion of the sale, the executive vice president now owns 71,637 shares of the company’s stock, valued at approximately $2,533,084.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Douglas N. Armer sold 801 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $35.44, for a total value of $28,387.44. Following the completion of the sale, the executive vice president now directly owns 69,963 shares of the company’s stock, valued at approximately $2,479,488.72. The disclosure for this sale can be found here. Insiders sold a total of 3,240 shares of company stock valued at $114,739 over the last quarter. Company insiders own 0.95% of the company’s stock.



Shares of BXMT traded up $0.28 during midday trading on Thursday, reaching $36.55. The stock had a trading volume of 7,585 shares, compared to its average volume of 685,325. The company’s 50-day moving average is $35.29 and its 200 day moving average is $35.36. Blackstone Mortgage Trust Inc has a 12-month low of $30.84 and a 12-month high of $36.77. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Blackstone Mortgage Trust had a return on equity of 9.06% and a net margin of 46.31%. The firm had revenue of $106.48 million during the quarter, compared to analysts’ expectations of $103.55 million. During the same period in the prior year, the business earned $0.83 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities analysts forecast that Blackstone Mortgage Trust Inc will post 2.46 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date of this dividend is Friday, September 27th. Blackstone Mortgage Trust’s payout ratio is currently 93.58%.

Several equities analysts recently commented on BXMT shares. ValuEngine cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.83.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

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

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