Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 147.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,825 shares of the real estate investment trust’s stock after acquiring an additional 4,662 shares during the period. Quadrant Capital Group LLC’s holdings in Blackstone Mortgage Trust were worth $163,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BXMT. CCLA Investment Management increased its stake in shares of Blackstone Mortgage Trust by 699.2% during the 2nd quarter. CCLA Investment Management now owns 1,310,476 shares of the real estate investment trust’s stock valued at $35,163,000 after acquiring an additional 1,146,504 shares during the last quarter. Millennium Management LLC raised its position in shares of Blackstone Mortgage Trust by 308.3% in the 4th quarter. Millennium Management LLC now owns 1,143,826 shares of the real estate investment trust’s stock worth $24,215,000 after buying an additional 863,715 shares during the period. First Republic Investment Management Inc. boosted its holdings in Blackstone Mortgage Trust by 100.4% in the first quarter. First Republic Investment Management Inc. now owns 1,649,144 shares of the real estate investment trust’s stock valued at $29,437,000 after acquiring an additional 826,294 shares during the last quarter. Norges Bank acquired a new stake in Blackstone Mortgage Trust during the fourth quarter worth about $14,268,000. Finally, Bank of America Corp DE raised its holdings in shares of Blackstone Mortgage Trust by 25.0% in the 1st quarter. Bank of America Corp DE now owns 3,277,188 shares of the real estate investment trust’s stock worth $58,498,000 after purchasing an additional 656,329 shares during the period. Hedge funds and other institutional investors own 52.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BXMT. JPMorgan Chase & Co. boosted their target price on Blackstone Mortgage Trust from $18.50 to $21.00 in a report on Monday, July 24th. StockNews.com started coverage on shares of Blackstone Mortgage Trust in a report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Citigroup increased their price target on Blackstone Mortgage Trust from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.25.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 1,160 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $22.75, for a total transaction of $26,390.00. Following the transaction, the chief executive officer now owns 152,559 shares of the company’s stock, valued at $3,470,717.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Katharine A. Keenan sold 1,160 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $22.75, for a total transaction of $26,390.00. Following the sale, the chief executive officer now directly owns 152,559 shares of the company’s stock, valued at approximately $3,470,717.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction on Monday, September 11th. The stock was sold at an average price of $23.20, for a total transaction of $52,780.00. Following the completion of the transaction, the chief executive officer now directly owns 150,284 shares of the company’s stock, valued at approximately $3,486,588.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,101 shares of company stock valued at $160,704. 1.02% of the stock is currently owned by corporate insiders.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock opened at $22.46 on Tuesday. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.60 and a 1-year high of $25.73. The business has a 50-day moving average of $21.51 and a 200-day moving average of $20.92. The company has a market capitalization of $3.87 billion, a PE ratio of 19.70 and a beta of 1.40.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 11.04%. The ex-dividend date of this dividend was Thursday, September 28th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 217.54%.

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, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes.