GFS Advisors LLC Sells 96,440 Shares of Blackstone Mortgage Trust, Inc. $BXMT

GFS Advisors LLC reduced its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 18.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 413,315 shares of the real estate investment trust’s stock after selling 96,440 shares during the period. GFS Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $7,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Blackstone Mortgage Trust by 45.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 536 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth $41,000. Advisory Services Network LLC acquired a new stake in shares of Blackstone Mortgage Trust during the third quarter worth $46,000. Farther Finance Advisors LLC lifted its holdings in shares of Blackstone Mortgage Trust by 259.8% during the fourth quarter. Farther Finance Advisors LLC now owns 2,634 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,902 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $73,000. 64.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, President Fernando Austin Pena sold 1,666 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $18.88, for a total value of $31,454.08. Following the completion of the transaction, the president directly owned 76,967 shares in the company, valued at approximately $1,453,136.96. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on BXMT. BTIG Research reaffirmed a “buy” rating and set a $23.00 price target on shares of Blackstone Mortgage Trust in a research report on Tuesday, February 10th. UBS Group initiated coverage on shares of Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 price objective for the company. Zacks Research lowered shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings cut shares of Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.38.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $18.42 on Wednesday. The stock has a market capitalization of $3.11 billion, a P/E ratio of 30.20 and a beta of 0.89. The stock’s fifty day moving average is $18.90 and its 200 day moving average is $19.25. Blackstone Mortgage Trust, Inc. has a 52 week low of $17.67 and a 52 week high of $20.67.

Blackstone Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 308.20%.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.