JPMorgan Chase & Co. Has $10.65 Million Stock Position in Blackstone Mortgage Trust, Inc. $BXMT

JPMorgan Chase & Co. raised its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 36.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 578,444 shares of the real estate investment trust’s stock after acquiring an additional 155,421 shares during the quarter. JPMorgan Chase & Co. owned about 0.34% of Blackstone Mortgage Trust worth $10,649,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BXMT. Salomon & Ludwin LLC bought a new position in shares of Blackstone Mortgage Trust during the third quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its stake 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 purchasing an additional 536 shares during the period. North Capital Inc. acquired a new position in Blackstone Mortgage Trust in the 3rd quarter valued at $37,000. GAMMA Investing LLC increased its position in Blackstone Mortgage Trust by 36.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,926 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 775 shares during the period. Finally, Sound Income Strategies LLC increased its position in Blackstone Mortgage Trust by 23.8% during the 3rd quarter. Sound Income Strategies LLC now owns 5,137 shares of the real estate investment trust’s stock worth $92,000 after buying an additional 987 shares during the period. Institutional investors own 64.15% of the company’s stock.

Wall Street Analysts Forecast Growth

BXMT has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Blackstone Mortgage Trust from $21.00 to $21.50 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a report on Monday, December 29th. BTIG Research restated a “buy” rating and set a $23.00 target price on shares of Blackstone Mortgage Trust in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Blackstone Mortgage Trust from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $21.13.

Blackstone Mortgage Trust Stock Up 0.1%

Shares of Blackstone Mortgage Trust stock opened at $19.45 on Friday. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.51 and a 12-month high of $21.24. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 29.92 and a beta of 1.06. The firm’s 50-day moving average price is $19.45 and its two-hundred day moving average price is $19.19.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.7%. The ex-dividend date was Wednesday, December 31st. Blackstone Mortgage Trust’s payout ratio is currently 289.23%.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, President Fernando Austin Pena sold 3,131 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $19.24, for a total value of $60,240.44. Following the sale, the president owned 78,633 shares of the company’s stock, valued at approximately $1,512,898.92. This trade represents a 3.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 4,543 shares of company stock worth $88,910 in the last three months. 1.02% of the stock is owned by corporate insiders.

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.