66,930 Shares in Blackstone Mortgage Trust Inc (NYSE:BXMT) Purchased by Atlantic Trust Group LLC

Atlantic Trust Group LLC purchased a new position in Blackstone Mortgage Trust Inc (NYSE:BXMT) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 66,930 shares of the real estate investment trust’s stock, valued at approximately $2,076,000. Atlantic Trust Group LLC owned approximately 0.06% of Blackstone Mortgage Trust at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at $203,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at $284,000. SG Americas Securities LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at $422,000. Janney Capital Management LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at $620,000. Finally, Blackstone Group L.P. boosted its stake in shares of Blackstone Mortgage Trust by 14.4% in the 3rd quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock valued at $163,276,000 after purchasing an additional 663,846 shares in the last quarter. 54.10% of the stock is owned by institutional investors and hedge funds.

In other news, Treasurer Douglas N. Armer sold 3,658 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $31.86, for a total value of $116,543.88. Following the transaction, the treasurer now owns 49,561 shares in the company, valued at approximately $1,579,013.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $31.95, for a total transaction of $34,186.50. Following the completion of the transaction, the chief financial officer now owns 15,504 shares in the company, valued at approximately $495,352.80. The disclosure for this sale can be found here. Insiders have sold a total of 6,516 shares of company stock worth $208,100 over the last three months. 0.91% of the stock is currently owned by insiders.

Shares of Blackstone Mortgage Trust Inc (NYSE BXMT) opened at $31.62 on Friday. The firm has a market cap of $3,340.00, a PE ratio of 14.05 and a beta of 0.66. Blackstone Mortgage Trust Inc has a 1 year low of $29.76 and a 1 year high of $33.08.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.06. The firm had revenue of $78.60 million for the quarter, compared to the consensus estimate of $74.35 million. Blackstone Mortgage Trust had a net margin of 53.85% and a return on equity of 8.63%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 EPS. analysts predict that Blackstone Mortgage Trust Inc will post 2.28 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 7.84%. The ex-dividend date is Thursday, December 28th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is 110.22%.

A number of equities research analysts have recently issued reports on BXMT shares. Zacks Investment Research cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. B. Riley reiterated a “buy” rating and set a $33.00 price target on shares of Blackstone Mortgage Trust in a report on Friday, December 1st. BidaskClub upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. FBR & Co upped their price target on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, Wells Fargo & Co assumed coverage on shares of Blackstone Mortgage Trust in a report on Wednesday, December 6th. They issued an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $33.80.

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About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.

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

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