Catalyst Capital Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) in the first quarter, HoldingsChannel reports. The firm acquired 11,500 shares of the real estate investment trust’s stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Mackenzie Financial Corp lifted its stake in shares of Blackstone Mortgage Trust by 1.5% during the 4th quarter. Mackenzie Financial Corp now owns 20,465 shares of the real estate investment trust’s stock worth $652,000 after purchasing an additional 300 shares during the last quarter. Pecaut & CO. lifted its stake in shares of Blackstone Mortgage Trust by 4.3% during the 1st quarter. Pecaut & CO. now owns 8,097 shares of the real estate investment trust’s stock worth $999,000 after purchasing an additional 332 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in shares of Blackstone Mortgage Trust by 30.8% during the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 350 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Blackstone Mortgage Trust by 4.0% during the 1st quarter. Virtu Financial LLC now owns 9,556 shares of the real estate investment trust’s stock worth $330,000 after purchasing an additional 367 shares during the last quarter. Finally, Regentatlantic Capital LLC lifted its stake in shares of Blackstone Mortgage Trust by 1.8% during the 1st quarter. Regentatlantic Capital LLC now owns 21,085 shares of the real estate investment trust’s stock worth $729,000 after purchasing an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 58.93% of the company’s stock.

Blackstone Mortgage Trust stock opened at $36.23 on Friday. Blackstone Mortgage Trust Inc has a one year low of $30.84 and a one year high of $36.32. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57.

Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.11. Blackstone Mortgage Trust had a return on equity of 9.73% and a net margin of 48.22%. The company had revenue of $106.07 million during the quarter, compared to analysts’ expectations of $98.89 million. During the same period last year, the business posted $0.64 earnings per share. As a group, equities research analysts predict that Blackstone Mortgage Trust Inc will post 2.54 EPS for the current year.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Friday, April 26th. ValuEngine cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. JMP Securities reiterated a “hold” rating on shares of Blackstone Mortgage Trust in a research note on Sunday, February 17th. Finally, Deutsche Bank cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $35.00 to $34.50 in a research note on Wednesday, February 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.63.

In other news, CFO Anthony F. Marone, Jr. sold 793 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $35.45, for a total value of $28,111.85. Following the transaction, the chief financial officer now directly owns 29,824 shares of the company’s stock, valued at $1,057,260.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Douglas N. Armer sold 1,913 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $35.46, for a total value of $67,834.98. Following the completion of the transaction, the treasurer now directly owns 74,383 shares in the company, valued at $2,637,621.18. The disclosure for this sale can be found here. Insiders sold 3,808 shares of company stock worth $134,065 over the last three months. Corporate insiders own 0.96% of the company’s stock.

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Blackstone Mortgage Trust Company 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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