Stevens Capital Management LP Makes New $223,000 Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Stevens Capital Management LP purchased a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,487 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Central Bank & Trust Co. bought a new position in Blackstone Mortgage Trust in the fourth quarter worth approximately $25,000. GAMMA Investing LLC purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter valued at approximately $45,000. Sandy Spring Bank increased its position in shares of Blackstone Mortgage Trust by 10,652.0% during the fourth quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 2,663 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Blackstone Mortgage Trust by 4,986.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 6,483 shares during the last quarter. Finally, Blair William & Co. IL purchased a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $202,000. Institutional investors own 64.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BXMT. UBS Group decreased their price target on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday. BTIG Research reduced their price objective on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Keefe, Bruyette & Woods reduced their price objective on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a report on Friday. Bank of America lowered Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $21.00 in a report on Monday, March 4th. Finally, Wells Fargo & Company reduced their price objective on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of “Hold” and a consensus price target of $19.93.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock traded up $0.27 during trading hours on Friday, reaching $17.92. The company had a trading volume of 2,161,081 shares, compared to its average volume of 2,174,148. Blackstone Mortgage Trust, Inc. has a one year low of $16.83 and a one year high of $23.82. The business has a fifty day simple moving average of $19.51 and a 200 day simple moving average of $20.60. The firm has a market cap of $3.11 billion, a PE ratio of 605.67 and a beta of 1.42.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.84%. The ex-dividend date of this dividend was Wednesday, March 27th. Blackstone Mortgage Trust’s payout ratio is currently 8,266.67%.

Insider Transactions at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the sale, the chief executive officer now owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.42, for a total transaction of $46,435.08. Following the sale, the chief executive officer now owns 194,298 shares in the company, valued at $3,967,565.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Katharine A. Keenan sold 2,275 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the sale, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The disclosure for this sale can be found here. Insiders sold 5,540 shares of company stock valued at $112,642 over the last three months. Company insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Company Profile

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.