Dean Capital Management lifted its position in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 22.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,230 shares of the real estate investment trust’s stock after purchasing an additional 25,135 shares during the quarter. Blackstone Mortgage Trust accounts for 2.1% of Dean Capital Management’s portfolio, making the stock its 4th largest position. Dean Capital Management owned about 0.13% of Blackstone Mortgage Trust worth $4,416,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Blackstone Mortgage Trust by 56.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,829 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 1,745 shares during the last quarter. US Bancorp DE raised its position in shares of Blackstone Mortgage Trust by 8.3% during the fourth quarter. US Bancorp DE now owns 22,857 shares of the real estate investment trust’s stock worth $735,000 after purchasing an additional 1,755 shares during the period. Baird Financial Group Inc. raised its position in shares of Blackstone Mortgage Trust by 1.0% during the fourth quarter. Baird Financial Group Inc. now owns 200,170 shares of the real estate investment trust’s stock worth $6,441,000 after purchasing an additional 1,887 shares during the period. Hardman Johnston Global Advisors LLC raised its position in shares of Blackstone Mortgage Trust by 18.9% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 12,570 shares of the real estate investment trust’s stock worth $405,000 after purchasing an additional 2,000 shares during the period. Finally, Edgemoor Investment Advisors Inc. raised its position in shares of Blackstone Mortgage Trust by 0.5% during the fourth quarter. Edgemoor Investment Advisors Inc. now owns 399,726 shares of the real estate investment trust’s stock worth $12,595,000 after purchasing an additional 2,155 shares during the period. Institutional investors and hedge funds own 61.15% of the company’s stock.
A number of brokerages recently issued reports on BXMT. B. Riley reissued a “buy” rating and issued a $33.00 target price on shares of Blackstone Mortgage Trust in a research report on Friday, December 1st. Keefe, Bruyette & Woods downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. Wells Fargo began coverage on Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They issued an “outperform” rating for the company. Zacks Investment Research raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Thursday, January 25th. Finally, JPMorgan Chase & Co. cut Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 6th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Blackstone Mortgage Trust presently has a consensus rating of “Buy” and an average target price of $33.60.
Shares of Blackstone Mortgage Trust stock traded up $0.12 during trading on Thursday, hitting $31.79. The company had a trading volume of 197,569 shares, compared to its average volume of 887,106. Blackstone Mortgage Trust Inc has a 52 week low of $29.51 and a 52 week high of $33.08. The company has a market cap of $3,444.90, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 2.64 and a beta of 0.57.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. The business had revenue of $80.17 million for the quarter, compared to analyst estimates of $77.97 million. Blackstone Mortgage Trust had a return on equity of 8.47% and a net margin of 53.86%. equities analysts predict that Blackstone Mortgage Trust Inc will post 2.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Wednesday, March 28th. Blackstone Mortgage Trust’s payout ratio is 109.25%.
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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.
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