Blackstone Mortgage Trust, Inc. $BXMT Position Increased by Parallel Advisors LLC

Parallel Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 42.5% during the fourth quarter, Holdings Channel reports. The firm owned 95,488 shares of the real estate investment trust’s stock after acquiring an additional 28,484 shares during the quarter. Parallel Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $1,827,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BXMT. Norges Bank acquired a new position in shares of Blackstone Mortgage Trust in the 4th quarter valued at about $38,239,000. Bamco Inc. NY grew its position in shares of Blackstone Mortgage Trust by 1,498.1% during the 2nd quarter. Bamco Inc. NY now owns 1,594,613 shares of the real estate investment trust’s stock valued at $30,696,000 after buying an additional 1,494,830 shares during the last quarter. UBS Group AG raised its stake in Blackstone Mortgage Trust by 24.4% during the third quarter. UBS Group AG now owns 3,082,005 shares of the real estate investment trust’s stock worth $56,740,000 after acquiring an additional 603,588 shares during the period. Invesco Ltd. raised its stake in Blackstone Mortgage Trust by 70.8% during the third quarter. Invesco Ltd. now owns 1,077,590 shares of the real estate investment trust’s stock worth $19,838,000 after acquiring an additional 446,838 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Blackstone Mortgage Trust by 19.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,607,185 shares of the real estate investment trust’s stock worth $30,745,000 after acquiring an additional 264,256 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Insider Transactions at Blackstone Mortgage Trust

In related news, President Fernando Austin Pena sold 1,666 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $18.88, for a total value of $31,454.08. Following the completion of the transaction, the president directly owned 76,967 shares of the company’s stock, valued at $1,453,136.96. This represents a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BXMT has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their target price on Blackstone Mortgage Trust from $21.00 to $21.50 and gave the company an “outperform” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. dropped their price target on Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Weiss Ratings downgraded Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. BTIG Research restated a “buy” rating and set a $23.00 price objective on shares of Blackstone Mortgage Trust in a research report on Tuesday, February 10th. Finally, UBS Group initiated coverage on Blackstone Mortgage Trust in a research note on Tuesday. They set a “buy” rating and a $21.00 price objective for the company. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.38.

Blackstone Mortgage Trust Stock Down 0.6%

Blackstone Mortgage Trust stock opened at $18.33 on Friday. Blackstone Mortgage Trust, Inc. has a 52-week low of $17.67 and a 52-week high of $20.67. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 30.05 and a beta of 0.89. The firm has a 50-day moving average price of $18.93 and a two-hundred day moving average price of $19.24.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 10.3%. Blackstone Mortgage Trust’s payout ratio is currently 308.20%.

About Blackstone Mortgage Trust

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.