KCS Wealth Advisory purchased a new position in Blackstone Mortgage Trust Inc (NYSE:BXMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,257 shares of the real estate investment trust’s stock, valued at approximately $298,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Neville Rodie & Shaw Inc. lifted its position in shares of Blackstone Mortgage Trust by 2.3% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 256,560 shares of the real estate investment trust’s stock worth $8,256,000 after purchasing an additional 5,682 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $203,000. Cubist Systematic Strategies LLC acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $284,000. First PREMIER Bank acquired a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $332,000. Finally, SG Americas Securities LLC acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $422,000. Hedge funds and other institutional investors own 54.10% of the company’s stock.
A number of research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating and issued a $33.00 price target on shares of Blackstone Mortgage Trust in a research report on Friday, December 1st. Keefe, Bruyette & Woods lowered shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. Wells Fargo & Co began coverage on shares of Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They issued an “outperform” rating for the company. FBR & Co lifted their price objective on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, October 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $33.80.
Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.06. The company had revenue of $78.60 million during the quarter, compared to analyst estimates of $74.35 million. Blackstone Mortgage Trust had a net margin of 53.85% and a return on equity of 8.63%. Blackstone Mortgage Trust’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. equities analysts expect that Blackstone Mortgage Trust Inc will post 2.28 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.48 annualized dividend and a dividend yield of 7.84%. Blackstone Mortgage Trust’s dividend payout ratio is currently 110.22%.
In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 3,658 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $31.86, for a total transaction of $116,543.88. Following the completion of the sale, 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 accessible through the SEC website. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $31.95, for a total transaction of $34,186.50. Following the sale, the chief financial officer now owns 15,504 shares of the company’s stock, valued at approximately $495,352.80. The disclosure for this sale can be found here. Insiders sold a total of 6,516 shares of company stock valued at $208,100 in the last quarter. 0.91% of the stock is currently owned by company insiders.
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Blackstone Mortgage Trust Profile
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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