Pacific Capital Partners Ltd Decreases Stock Holdings in Blackstone Mortgage Trust, Inc. $BXMT

Pacific Capital Partners Ltd reduced its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 68.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,500 shares of the real estate investment trust’s stock after selling 60,000 shares during the period. Pacific Capital Partners Ltd’s holdings in Blackstone Mortgage Trust were worth $526,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Salomon & Ludwin LLC purchased a new position in Blackstone Mortgage Trust during the 3rd quarter valued at about $25,000. Jones Financial Companies Lllp lifted 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 worth $34,000 after buying an additional 536 shares during the period. North Capital Inc. purchased a new stake in Blackstone Mortgage Trust in the 3rd quarter worth approximately $37,000. ORG Partners LLC bought a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $41,000. Finally, Advisory Services Network LLC bought a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $46,000. 64.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, President Fernando Austin Pena sold 3,131 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $19.24, for a total transaction of $60,240.44. Following the sale, the president owned 78,633 shares in the company, valued at approximately $1,512,898.92. The trade was a 3.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Stock Up 2.3%

BXMT opened at $19.28 on Tuesday. The stock has a market cap of $3.25 billion, a PE ratio of 29.66 and a beta of 1.06. The business has a 50 day moving average of $19.28 and a 200-day moving average of $19.13. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $20.67.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.88 annualized dividend and a yield of 9.8%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 289.23%.

Wall Street Analyst Weigh In

BXMT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Blackstone Mortgage Trust from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research report on Monday, December 29th. BTIG Research restated a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a report on Tuesday, February 10th. Keefe, Bruyette & Woods raised their target price on shares of Blackstone Mortgage Trust from $21.00 to $21.50 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, Zacks Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.13.

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.