Dean Capital Management lessened its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 27.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,750 shares of the real estate investment trust’s stock after selling 36,915 shares during the period. Blackstone Mortgage Trust accounts for approximately 2.0% of Dean Capital Management’s portfolio, making the stock its 12th largest position. Dean Capital Management’s holdings in Blackstone Mortgage Trust were worth $3,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BXMT. Blackstone Group L.P. boosted its stake in shares of Blackstone Mortgage Trust by 1.3% during the first quarter. Blackstone Group L.P. now owns 4,923,138 shares of the real estate investment trust’s stock worth $154,685,000 after buying an additional 64,575 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Blackstone Mortgage Trust by 1.0% during the first quarter. OppenheimerFunds Inc. now owns 1,238,995 shares of the real estate investment trust’s stock worth $38,929,000 after buying an additional 12,420 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Blackstone Mortgage Trust by 204.7% during the second quarter. Renaissance Technologies LLC now owns 902,780 shares of the real estate investment trust’s stock worth $28,374,000 after buying an additional 606,500 shares during the period. Advisors Capital Management LLC boosted its stake in shares of Blackstone Mortgage Trust by 3.4% during the first quarter. Advisors Capital Management LLC now owns 892,299 shares of the real estate investment trust’s stock worth $28,036,000 after buying an additional 29,461 shares during the period. Finally, Delphi Financial Group Inc. boosted its stake in shares of Blackstone Mortgage Trust by 43.5% during the second quarter. Delphi Financial Group Inc. now owns 773,226 shares of the real estate investment trust’s stock worth $24,295,000 after buying an additional 234,527 shares during the period. Institutional investors own 62.24% of the company’s stock.

Several brokerages have recently weighed in on BXMT. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Tuesday, August 14th. Credit Suisse Group increased their price target on shares of Blackstone Mortgage Trust from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.20.

In related news, Treasurer Douglas N. Armer sold 803 shares of the stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $34.00, for a total transaction of $27,302.00. Following the completion of the transaction, the treasurer now directly owns 62,196 shares of the company’s stock, valued at $2,114,664. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,253 shares of company stock valued at $75,462 over the last three months. 0.96% of the stock is currently owned by corporate insiders.

NYSE BXMT opened at $34.39 on Friday. The stock has a market cap of $4.06 billion, a P/E ratio of 14.89, a PEG ratio of 2.68 and a beta of 0.46. Blackstone Mortgage Trust Inc has a 52-week low of $29.51 and a 52-week high of $34.58.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.24. The firm had revenue of $103.75 million during the quarter, compared to analysts’ expectations of $89.07 million. Blackstone Mortgage Trust had a net margin of 49.22% and a return on equity of 9.24%. The firm’s revenue for the quarter was up 43.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.60 earnings per share. analysts predict that Blackstone Mortgage Trust Inc will post 2.56 EPS for the current fiscal year.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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