Bison Wealth LLC Makes New $207,000 Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Bison Wealth LLC bought a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 9,739 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BXMT. Glassy Mountain Advisors Inc. grew its holdings in shares of Blackstone Mortgage Trust by 1.9% in the 4th quarter. Glassy Mountain Advisors Inc. now owns 56,640 shares of the real estate investment trust’s stock worth $1,205,000 after acquiring an additional 1,050 shares during the period. Louisiana State Employees Retirement System acquired a new stake in Blackstone Mortgage Trust during the 4th quarter valued at $1,833,000. Ellis Investment Partners LLC grew its holdings in Blackstone Mortgage Trust by 2.6% during the 4th quarter. Ellis Investment Partners LLC now owns 122,320 shares of the real estate investment trust’s stock valued at $2,602,000 after buying an additional 3,054 shares during the last quarter. Cerity Partners LLC grew its holdings in Blackstone Mortgage Trust by 114.2% during the 4th quarter. Cerity Partners LLC now owns 98,987 shares of the real estate investment trust’s stock valued at $2,105,000 after buying an additional 52,771 shares during the last quarter. Finally, Sandy Spring Bank grew its holdings in 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 buying an additional 2,663 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

Shares of BXMT opened at $18.23 on Thursday. The stock’s 50-day moving average is $19.58 and its two-hundred day moving average is $20.70. The stock has a market cap of $3.17 billion, a PE ratio of 12.93 and a beta of 1.42. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.83 and a 12 month high of $23.82.

Blackstone Mortgage Trust Dividend Announcement

The business 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. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.60%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust’s dividend payout ratio is presently 175.89%.

Analysts Set New Price Targets

A number of brokerages have commented on BXMT. BTIG Research lowered their target price on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. decreased their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. UBS Group decreased their price objective on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, March 20th. Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $22.00 to $21.00 in a report on Monday, March 4th. Finally, Keefe, Bruyette & Woods reduced their target price on Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.83.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares in the company, valued at $3,888,465.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Katharine A. Keenan sold 2,274 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the sale, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,275 shares of the business’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 completion of the sale, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The disclosure for this sale can be found here. Insiders have sold a total of 5,540 shares of company stock worth $112,642 over the last quarter. 1.02% of the stock is owned by corporate insiders.

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.