Inspire Investing LLC Purchases New Stake in Blackstone Mortgage Trust, Inc. $BXMT

Inspire Investing LLC acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 55,278 shares of the real estate investment trust’s stock, valued at approximately $633,000.

Other large investors also recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new stake in shares of Blackstone Mortgage Trust in the 1st quarter valued at approximately $41,000. Integrated Wealth Concepts LLC acquired a new position in Blackstone Mortgage Trust during the second quarter worth $39,000. Central Pacific Bank Trust Division increased its holdings in Blackstone Mortgage Trust by 50.0% during the third quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Blackstone Mortgage Trust during the second quarter worth $84,000. Finally, KBC Group NV raised its position in Blackstone Mortgage Trust by 42.6% during the first quarter. KBC Group NV now owns 6,840 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 2,042 shares in the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Wall Street Analyst Weigh In

BXMT has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Blackstone Mortgage Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Citigroup reissued a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Tuesday, August 25th. Wall Street Zen lowered shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Raymond James Financial cut shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company cut their target price on shares of Blackstone Mortgage Trust from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.40.

Blackstone Mortgage Trust Trading Up 1.3%

Shares of NYSE BXMT opened at $11.01 on Friday. Blackstone Mortgage Trust, Inc. has a 12 month low of $10.11 and a 12 month high of $20.67. The stock has a 50 day moving average of $12.24 and a 200-day moving average of $16.71. The company has a market capitalization of $1.86 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.25 and a beta of 0.92.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Thursday, October 29th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.14. Blackstone Mortgage Trust had a positive return on equity of 9.17% and a negative net margin of 48.18%. The business had revenue of $141.90 million for the quarter, compared to analyst estimates of $148.60 million. Analysts predict that Blackstone Mortgage Trust, Inc. will post 0.91 EPS for the current fiscal year.

Blackstone Mortgage Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 10.9%. This is a negative change from Blackstone Mortgage Trust’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 2,088.89%.

Blackstone Mortgage Trust News Summary

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

• Positive Sentiment: BXMT reported quarterly earnings of $0.38 per share, above the $0.24 analyst consensus. Another estimate cited adjusted earnings of $0.42 per share versus $0.26 expected, and earnings increased from $0.24 a year earlier. Blackstone Mortgage Trust Beats Q3 Earnings Estimates
• Positive Sentiment: Management’s efforts to reduce exposure to older office loans could lower future credit risk and improve portfolio quality, although the process is weighing on current results. Blackstone Mortgage Trust Reports Loss as It Cuts Older Office Loans
• Neutral Sentiment: Keefe, Bruyette & Woods maintained a “market perform” rating but lowered its price target from $13 to $12, implying approximately 9% potential upside from the referenced price. The revision signals limited near-term conviction. Keefe, Bruyette & Woods BXMT Rating
• Negative Sentiment: The REIT posted an unexpected $327.6 million third-quarter net loss, reflecting credit provisions and markdowns associated with its loan portfolio. Revenue of $141.9 million also came in below the $148.6 million consensus estimate. Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss
• Negative Sentiment: BXMT cut its quarterly dividend to $0.30 per share from $0.47, a 36.2% reduction. Although the annualized yield remains about 11%, the cut may pressure income-focused investors and raises questions about cash-flow durability.

Insider Activity at Blackstone Mortgage Trust

In related news, Director Henry Nassau acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $14.34 per share, for a total transaction of $143,400.00. Following the completion of the acquisition, the director directly owned 218,523 shares in the company, valued at approximately $3,133,619.82. This trade represents a 4.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 3,716 shares of company stock valued at $46,815 in the last 90 days. 1.18% of the stock is owned by insiders.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc is a real estate investment trust that originates and manages senior loans secured by commercial properties. The company primarily provides floating-rate mortgage financing to owners and sponsors of institutional-quality real estate, earning income from interest and other fees associated with its lending activities.

Its loan portfolio has historically included properties across sectors such as office, multifamily, hotel, industrial, retail and life sciences.