Private Advisor Group LLC Increases Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Private Advisor Group LLC increased its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 129,811 shares of the real estate investment trust’s stock after purchasing an additional 4,432 shares during the quarter. Private Advisor Group LLC owned about 0.08% of Blackstone Mortgage Trust worth $2,732,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its position in shares of Blackstone Mortgage Trust by 0.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 54,350 shares of the real estate investment trust’s stock valued at $1,504,000 after purchasing an additional 389 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in Blackstone Mortgage Trust by 4.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 10,753 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 487 shares in the last quarter. North Star Investment Management Corp. grew its position in Blackstone Mortgage Trust by 0.9% during the second quarter. North Star Investment Management Corp. now owns 60,701 shares of the real estate investment trust’s stock worth $1,263,000 after buying an additional 522 shares in the last quarter. Advisory Services Network LLC grew its position in Blackstone Mortgage Trust by 4.9% during the first quarter. Advisory Services Network LLC now owns 15,105 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 706 shares in the last quarter. Finally, Partners Capital Investment Group LLP grew its position in Blackstone Mortgage Trust by 2.6% during the first quarter. Partners Capital Investment Group LLP now owns 32,610 shares of the real estate investment trust’s stock worth $582,000 after buying an additional 828 shares in the last quarter. 52.89% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $23.20, for a total value of $52,780.00. Following the completion of the sale, the chief executive officer now owns 150,284 shares of the company’s stock, valued at approximately $3,486,588.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $21.98, for a total value of $49,982.52. Following the completion of the sale, the chief executive officer now owns 153,719 shares of the company’s stock, valued at $3,378,743.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $23.20, for a total value of $52,780.00. Following the completion of the sale, 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. In the last quarter, insiders sold 7,101 shares of company stock valued at $160,704. Insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

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

Blackstone Mortgage Trust Trading Up 1.2 %

NYSE BXMT 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 stock has a 50-day moving average of $21.51 and a 200-day moving average of $20.92. The firm has a market cap of $3.87 billion, a PE ratio of 19.70 and a beta of 1.40.

Blackstone Mortgage Trust Dividend Announcement

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

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, 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.