Allegis Investment Advisors LLC lowered its position in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 61.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,523 shares of the real estate investment trust’s stock after selling 42,789 shares during the period. Allegis Investment Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $854,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BXMT. Blackstone Group L.P. grew its position in Blackstone Mortgage Trust by 14.4% during the third quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock valued at $163,276,000 after buying an additional 663,846 shares during the period. Boston Partners grew its position in Blackstone Mortgage Trust by 5.8% during the fourth quarter. Boston Partners now owns 833,453 shares of the real estate investment trust’s stock valued at $26,821,000 after buying an additional 45,514 shares during the period. Schwab Charles Investment Management Inc. grew its position in Blackstone Mortgage Trust by 15.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 310,422 shares of the real estate investment trust’s stock valued at $9,990,000 after buying an additional 41,818 shares during the period. Neville Rodie & Shaw Inc. grew its position in Blackstone Mortgage Trust by 2.3% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 256,560 shares of the real estate investment trust’s stock valued at $8,256,000 after buying an additional 5,682 shares during the period. Finally, Dean Investment Associates LLC grew its position in Blackstone Mortgage Trust by 36.2% during the fourth quarter. Dean Investment Associates LLC now owns 226,464 shares of the real estate investment trust’s stock valued at $7,288,000 after buying an additional 60,219 shares during the period. Institutional investors own 54.26% of the company’s stock.

Blackstone Mortgage Trust Inc (NYSE BXMT) opened at $29.95 on Thursday. The firm has a market cap of $3,170.00, a PE ratio of 13.31 and a beta of 0.59. Blackstone Mortgage Trust Inc has a 1 year low of $29.51 and a 1 year high of $33.08.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.48 dividend on an annualized basis and a yield of 8.28%. Blackstone Mortgage Trust’s dividend payout ratio is presently 110.22%.

Several equities analysts recently weighed in on BXMT shares. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Thursday, January 25th. FBR & Co increased their price target on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. B. Riley restated a “buy” rating and set a $33.00 price target on shares of Blackstone Mortgage Trust in a research report on Friday, December 1st. Keefe, Bruyette & Woods lowered shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Finally, JPMorgan Chase & Co. lowered shares of Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.60.

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Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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