Pacific Edge Advisors LLC Has $11.82 Million Stake in Blackstone Mortgage Trust Inc (BXMT)

Pacific Edge Advisors LLC grew its holdings in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 371,012 shares of the real estate investment trust’s stock after buying an additional 31,834 shares during the period. Blackstone Mortgage Trust accounts for 7.5% of Pacific Edge Advisors LLC’s portfolio, making the stock its 3rd largest position. Pacific Edge Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $11,820,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mackenzie Financial Corp raised its stake in Blackstone Mortgage Trust by 1.5% during the fourth quarter. Mackenzie Financial Corp now owns 20,465 shares of the real estate investment trust’s stock worth $652,000 after acquiring an additional 300 shares in the last quarter. Winslow Evans & Crocker Inc. raised its stake in Blackstone Mortgage Trust by 30.8% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 350 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Blackstone Mortgage Trust by 3.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,788 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 367 shares in the last quarter. Advisory Services Network LLC raised its stake in Blackstone Mortgage Trust by 72.0% during the fourth quarter. Advisory Services Network LLC now owns 1,175 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 492 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Blackstone Mortgage Trust by 2.5% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 20,860 shares of the real estate investment trust’s stock worth $665,000 after acquiring an additional 500 shares in the last quarter. 60.50% of the stock is owned by institutional investors.

Shares of Blackstone Mortgage Trust stock remained flat at $$34.63 on Friday. The stock had a trading volume of 405,938 shares, compared to its average volume of 885,955. Blackstone Mortgage Trust Inc has a one year low of $30.14 and a one year high of $35.70. The firm has a market capitalization of $4.29 billion, a P/E ratio of 13.07, a P/E/G ratio of 2.79 and a beta of 0.57.

Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Blackstone Mortgage Trust had a return on equity of 9.58% and a net margin of 51.44%. The company had revenue of $102.15 million during the quarter, compared to the consensus estimate of $95.88 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The firm’s revenue was up 27.4% compared to the same quarter last year. On average, analysts forecast that Blackstone Mortgage Trust Inc will post 2.46 EPS for the current fiscal year.

Several research analysts have commented on the company. Zacks Investment Research downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Thursday, November 29th. Deutsche Bank downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $35.00 to $34.50 in a research note on Wednesday, February 13th. Finally, ValuEngine downgraded Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $34.63.

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Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. 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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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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