Neville Rodie & Shaw Inc. raised its holdings in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,190 shares of the real estate investment trust’s stock after buying an additional 9,539 shares during the quarter. Neville Rodie & Shaw Inc. owned approximately 0.24% of Blackstone Mortgage Trust worth $9,523,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Naples Global Advisors LLC lifted its stake in shares of Blackstone Mortgage Trust by 8.8% in the 2nd quarter. Naples Global Advisors LLC now owns 25,562 shares of the real estate investment trust’s stock valued at $803,000 after purchasing an additional 2,070 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Blackstone Mortgage Trust by 40.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 55,621 shares of the real estate investment trust’s stock valued at $1,748,000 after purchasing an additional 16,156 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Blackstone Mortgage Trust by 204.7% in the 2nd quarter. Renaissance Technologies LLC now owns 902,780 shares of the real estate investment trust’s stock valued at $28,374,000 after purchasing an additional 606,500 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in shares of Blackstone Mortgage Trust in the 2nd quarter valued at about $1,085,000. Finally, Centaurus Financial Inc. lifted its stake in shares of Blackstone Mortgage Trust by 77.3% in the 2nd quarter. Centaurus Financial Inc. now owns 14,355 shares of the real estate investment trust’s stock valued at $451,000 after purchasing an additional 6,257 shares in the last quarter. Institutional investors own 62.21% of the company’s stock.
Blackstone Mortgage Trust stock traded up $0.06 during midday trading on Tuesday, hitting $33.25. 13,173 shares of the company were exchanged, compared to its average volume of 960,835. The firm has a market capitalization of $3.97 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.62 and a beta of 0.47. Blackstone Mortgage Trust Inc has a fifty-two week low of $29.51 and a fifty-two week high of $34.58.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 7.46%. The ex-dividend date of this dividend is Thursday, September 27th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 107.36%.
In related news, Treasurer Douglas N. Armer sold 803 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $34.00, for a total transaction of $27,302.00. Following the transaction, the treasurer now directly owns 62,196 shares of the company’s stock, valued at approximately $2,114,664. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 2,253 shares of company stock worth $75,462 over the last three months. 0.96% of the stock is currently owned by corporate insiders.
Several research firms have recently weighed in on BXMT. Zacks Investment Research lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. BTIG Research began coverage on Blackstone Mortgage Trust in a research report on Monday. They set a “neutral” rating on the stock. Finally, Credit Suisse Group boosted their price target on Blackstone Mortgage Trust from $33.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 21st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.50.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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