Edgestream Partners L.P. Buys 102,904 Shares of Blackstone Mortgage Trust, Inc. $BXMT

Edgestream Partners L.P. boosted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 75.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 238,916 shares of the real estate investment trust’s stock after buying an additional 102,904 shares during the quarter. Edgestream Partners L.P.’s holdings in Blackstone Mortgage Trust were worth $4,575,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BXMT. Elevation Point Wealth Partners LLC lifted its stake in Blackstone Mortgage Trust by 2.2% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 24,602 shares of the real estate investment trust’s stock valued at $482,000 after acquiring an additional 525 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 worth $34,000 after acquiring an additional 536 shares in the last quarter. Kennicott Capital Management LLC grew its stake in shares of Blackstone Mortgage Trust by 2.6% in the 4th quarter. Kennicott Capital Management LLC now owns 36,450 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 921 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Blackstone Mortgage Trust by 0.4% in the third quarter. California Public Employees Retirement System now owns 249,450 shares of the real estate investment trust’s stock valued at $4,592,000 after purchasing an additional 976 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Blackstone Mortgage Trust by 19.8% in the fourth quarter. Sound Income Strategies LLC now owns 6,152 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 1,015 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Price Performance

Shares of NYSE:BXMT opened at $14.53 on Friday. The company has a market capitalization of $2.45 billion, a PE ratio of 161.49 and a beta of 0.90. The business has a fifty day moving average price of $17.44 and a two-hundred day moving average price of $18.59. Blackstone Mortgage Trust, Inc. has a 1 year low of $14.11 and a 1 year high of $20.67.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.10). The business had revenue of $158.06 million for the quarter, compared to analysts’ expectations of $157.32 million. Blackstone Mortgage Trust had a net margin of 1.57% and a return on equity of 7.72%. Sell-side analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.21 earnings per share for the current year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.88 annualized dividend and a yield of 12.9%. Blackstone Mortgage Trust’s dividend payout ratio is presently 2,088.89%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BXMT shares. Wall Street Zen lowered shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings downgraded shares of Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. UBS Group assumed coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 price objective for the company. Zacks Research cut shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 target price (down from $20.00) on shares of Blackstone Mortgage Trust in a research report on Friday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $19.50.

Insider Transactions at Blackstone Mortgage Trust

In related news, President Fernando Austin Pena sold 1,670 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $17.07, for a total transaction of $28,506.90. Following the completion of the sale, the president owned 72,899 shares in the company, valued at approximately $1,244,385.93. This trade represents a 2.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 5,420 shares of company stock worth $95,233 in the last three months. Company insiders own 1.18% of the company’s stock.

Key Stories Impacting Blackstone Mortgage Trust

Here are the key news stories impacting Blackstone Mortgage Trust this week:

• Positive Sentiment: Loan growth and portfolio performance were described as encouraging, while management is targeting a reduction of more than 40% in office and pre-2023 loan exposure by year-end. BXMT also plans to expand into the approximately $200 billion homebuilder-finance market, which could improve portfolio diversification over time. Blackstone Mortgage Trust exposure reduction and homebuilder finance article
• Positive Sentiment: JPMorgan lowered its price target to $18 from $19 but maintained an “overweight” rating, implying meaningful upside from current levels. The target cut appears to reflect a more cautious valuation rather than a negative fundamental view. Benzinga analyst rating report
• Neutral Sentiment: Keefe, Bruyette & Woods reaffirmed its “market perform” rating but reduced its price target sharply to $16 from $20. The new target still indicates potential upside, but the reduction signals less confidence in near-term appreciation. Finviz analyst rating report
• Negative Sentiment: Second-quarter earnings were mixed. BXMT reported revenue of $158.1 million, slightly above the $157.3 million consensus, but EPS was reported at $0.31 versus expectations of $0.38. Another earnings measure cited by Zacks showed $0.48 per share, highlighting differences between reporting metrics; nevertheless, realized gains and losses weighed on the quarter’s headline results. Blackstone Mortgage Trust earnings impact article
• Negative Sentiment: The earnings shortfall prompted a broader reassessment of BXMT, with commentary characterizing the quarter as a reason for a downgrade despite strong loan growth and performance. Continued office-market exposure and realized losses remain key investor concerns. Blackstone Mortgage Trust downgrade analysis

Blackstone Mortgage Trust Company 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.