NFJ Investment Group LLC Decreases Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

NFJ Investment Group LLC cut its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 15.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 575,001 shares of the real estate investment trust’s stock after selling 104,755 shares during the period. NFJ Investment Group LLC’s holdings in Blackstone Mortgage Trust were worth $18,336,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new position in Blackstone Mortgage Trust during the 2nd quarter worth approximately $26,000. Fifth Third Bancorp lifted its position in Blackstone Mortgage Trust by 387.6% during the 2nd quarter. Fifth Third Bancorp now owns 824 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 655 shares in the last quarter. HBC Financial Services PLLC lifted its position in Blackstone Mortgage Trust by 57.1% during the 1st quarter. HBC Financial Services PLLC now owns 1,100 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Resources Management Corp CT ADV acquired a new position in Blackstone Mortgage Trust during the 2nd quarter worth approximately $47,000. Finally, Marshall Wace North America L.P. acquired a new position in Blackstone Mortgage Trust during the 1st quarter worth approximately $55,000. 55.14% of the stock is currently owned by hedge funds and other institutional investors.

In related news, President Katharine A. Keenan sold 1,164 shares of the company’s stock in a transaction on Tuesday, September 7th. The stock was sold at an average price of $32.86, for a total transaction of $38,249.04. Following the completion of the transaction, the president now directly owns 86,151 shares in the company, valued at approximately $2,830,921.86. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President Katharine A. Keenan sold 1,916 shares of the company’s stock in a transaction on Wednesday, June 30th. The stock was sold at an average price of $31.91, for a total value of $61,139.56. Following the transaction, the president now owns 87,315 shares of the company’s stock, valued at $2,786,221.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,184 shares of company stock worth $200,488. Corporate insiders own 1.06% of the company’s stock.

A number of brokerages have issued reports on BXMT. Zacks Investment Research raised Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 15th. BTIG Research reaffirmed a “buy” rating and issued a $35.00 target price on shares of Blackstone Mortgage Trust in a research report on Friday, September 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Blackstone Mortgage Trust has a consensus rating of “Hold” and a consensus target price of $31.33.

Shares of BXMT stock traded up $0.27 on Thursday, hitting $31.38. 8,819 shares of the stock traded hands, compared to its average volume of 1,114,969. The company has a market capitalization of $4.61 billion, a PE ratio of 11.92 and a beta of 1.32. Blackstone Mortgage Trust, Inc. has a 1-year low of $20.70 and a 1-year high of $33.88. The company’s fifty day moving average is $31.97 and its 200 day moving average is $31.96.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Blackstone Mortgage Trust had a return on equity of 8.27% and a net margin of 56.02%. On average, analysts predict that Blackstone Mortgage Trust, Inc. will post 2.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 7.90%. The ex-dividend date of this dividend is Wednesday, September 29th. Blackstone Mortgage Trust’s dividend payout ratio is currently 110.71%.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio.

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

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