Stephens Inc. AR lessened its position in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 78.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,170 shares of the real estate investment trust’s stock after selling 29,590 shares during the quarter. Stephens Inc. AR’s holdings in Blackstone Mortgage Trust were worth $263,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Neville Rodie & Shaw Inc. grew its stake in Blackstone Mortgage Trust by 2.3% during 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 in the last quarter. Janney Capital Management LLC acquired a new position in Blackstone Mortgage Trust during the 3rd quarter worth $620,000. Rothschild Investment Corp IL acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth $506,000. Atlantic Trust Group LLC acquired a new position in Blackstone Mortgage Trust during the 3rd quarter worth $2,076,000. Finally, Ingalls & Snyder LLC acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth $711,000. Hedge funds and other institutional investors own 54.21% of the company’s stock.
Several research analysts recently commented on the company. B. Riley reissued a “buy” rating and set a $33.00 target price on shares of Blackstone Mortgage Trust in a research note on Friday, December 1st. Keefe, Bruyette & Woods cut Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. Wells Fargo & Co assumed coverage on Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They set an “outperform” rating for the company. FBR & Co boosted their target price on Blackstone Mortgage Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Blackstone Mortgage Trust has an average rating of “Hold” and a consensus price target of $33.60.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.48 annualized dividend and a dividend yield of 8.01%. Blackstone Mortgage Trust’s dividend payout ratio is currently 109.25%.
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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