Blackstone Mortgage Trust, Inc. $BXMT Shares Sold by Cura Wealth Advisors LLC

Cura Wealth Advisors LLC trimmed its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 82.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,300 shares of the real estate investment trust’s stock after selling 155,210 shares during the quarter. Cura Wealth Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $619,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BXMT. Jones Financial Companies Lllp raised its stake in shares of Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 536 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Blackstone Mortgage Trust in the fourth quarter worth about $41,000. Ascentis Independent Advisors acquired a new stake in Blackstone Mortgage Trust during the first quarter worth about $41,000. UMB Bank n.a. raised its position in Blackstone Mortgage Trust by 151.1% during the fourth quarter. UMB Bank n.a. now owns 2,172 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,307 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Blackstone Mortgage Trust during the third quarter valued at approximately $46,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Blackstone Mortgage Trust

In other news, President Fernando Austin Pena sold 2,398 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $17.48, for a total value of $41,917.04. Following the transaction, the president owned 74,569 shares in the company, valued at $1,303,466.12. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 5,420 shares of company stock worth $95,233 over the last ninety days. 1.18% of the stock is owned by corporate insiders.

Blackstone Mortgage Trust Stock Down 2.3%

BXMT opened at $16.68 on Tuesday. The company has a market cap of $2.81 billion, a PE ratio of 27.35 and a beta of 0.90. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.62 and a twelve month high of $20.67. The company has a 50-day moving average price of $17.79 and a 200 day moving average price of $18.78.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.3%. Blackstone Mortgage Trust’s dividend payout ratio is presently 308.20%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BXMT. JPMorgan Chase & Co. decreased their price target on Blackstone Mortgage Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Friday. Zacks Research cut shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Weiss Ratings lowered shares of Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods decreased their target price on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Finally, UBS Group started coverage on shares of Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $21.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.75.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.