Stansberry Asset Management LLC Has $3.21 Million Stock Position in Blackstone Mortgage Trust Inc (NYSE:BXMT)

Stansberry Asset Management LLC grew its stake in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,326 shares of the real estate investment trust’s stock after purchasing an additional 5,081 shares during the quarter. Blackstone Mortgage Trust comprises about 1.3% of Stansberry Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Stansberry Asset Management LLC owned about 0.07% of Blackstone Mortgage Trust worth $3,214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of BXMT. Huntington National Bank acquired a new position in shares of Blackstone Mortgage Trust during the 2nd quarter worth approximately $37,000. Public Employees Retirement System of Ohio increased its holdings in shares of Blackstone Mortgage Trust by 83.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,352 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 616 shares during the last quarter. Winslow Evans & Crocker Inc. increased its holdings in shares of Blackstone Mortgage Trust by 25.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 300 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Blackstone Mortgage Trust during the 1st quarter worth approximately $55,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Blackstone Mortgage Trust by 976.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,077 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 1,884 shares during the last quarter. 59.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BXMT stock traded up $0.09 during trading on Monday, reaching $36.19. 17,328 shares of the company’s stock were exchanged, compared to its average volume of 716,014. The stock has a market capitalization of $4.86 billion, a PE ratio of 13.66, a PEG ratio of 2.94 and a beta of 0.53. Blackstone Mortgage Trust Inc has a twelve month low of $30.84 and a twelve month high of $36.77. The firm’s fifty day moving average price is $35.21 and its 200-day moving average price is $35.32.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $106.48 million for the quarter, compared to analyst estimates of $103.55 million. Blackstone Mortgage Trust had a return on equity of 9.06% and a net margin of 46.31%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. Sell-side analysts anticipate that Blackstone Mortgage Trust Inc will post 2.46 EPS for the current fiscal year.

In other Blackstone Mortgage Trust news, EVP Douglas N. Armer sold 915 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $35.36, for a total value of $32,354.40. Following the transaction, the executive vice president now directly owns 71,637 shares of the company’s stock, valued at approximately $2,533,084.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Douglas N. Armer sold 801 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $35.44, for a total value of $28,387.44. Following the completion of the transaction, the executive vice president now directly owns 69,963 shares in the company, valued at $2,479,488.72. The disclosure for this sale can be found here. Insiders have sold a total of 3,240 shares of company stock worth $114,739 over the last three months. 0.95% of the stock is owned by insiders.

A number of research firms recently weighed in on BXMT. Zacks Investment Research lowered Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Monday, August 26th. ValuEngine lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Blackstone Mortgage Trust currently has an average rating of “Hold” and an average price target of $35.83.

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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