Tritonpoint Wealth LLC Purchases Shares of 10,000 Blackstone Mortgage Trust, Inc. $BXMT

Tritonpoint Wealth LLC purchased a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the real estate investment trust’s stock, valued at approximately $197,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue grew its holdings in Blackstone Mortgage Trust by 5.9% during the second quarter. State of Alaska Department of Revenue now owns 100,693 shares of the real estate investment trust’s stock valued at $1,937,000 after purchasing an additional 5,614 shares during the last quarter. True North Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 25.9% in the second quarter. True North Advisors LLC now owns 30,847 shares of the real estate investment trust’s stock worth $594,000 after acquiring an additional 6,338 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Blackstone Mortgage Trust in the second quarter worth $35,101,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Blackstone Mortgage Trust by 17.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 36,793 shares of the real estate investment trust’s stock worth $730,000 after acquiring an additional 5,415 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 2.1% in the second quarter. Parallel Advisors LLC now owns 43,660 shares of the real estate investment trust’s stock worth $840,000 after acquiring an additional 888 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating on the stock in a research note on Thursday, July 31st. UBS Group raised their price objective on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.50.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 4,593 shares of the firm’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total value of $89,517.57. Following the completion of the transaction, the chief executive officer directly owned 230,006 shares of the company’s stock, valued at $4,482,816.94. This trade represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 8,818 shares of company stock valued at $171,190 over the last three months. 1.02% of the stock is owned by company insiders.

Blackstone Mortgage Trust Price Performance

Shares of BXMT stock opened at $18.76 on Tuesday. The stock has a market cap of $3.22 billion, a P/E ratio of -267.93 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a one year low of $16.51 and a one year high of $21.24. The stock has a fifty day moving average price of $19.21 and a 200 day moving average price of $19.22.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -2,685.71%.

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 originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.