Blackstone Mortgage Trust, Inc. $BXMT Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 72.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,808 shares of the real estate investment trust’s stock after selling 53,019 shares during the quarter. GSA Capital Partners LLP’s holdings in Blackstone Mortgage Trust were worth $365,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Blackstone Mortgage Trust in the 2nd quarter worth about $34,608,000. Bamco Inc. NY lifted its holdings in shares of Blackstone Mortgage Trust by 1,498.1% in the 2nd quarter. Bamco Inc. NY now owns 1,594,613 shares of the real estate investment trust’s stock worth $30,696,000 after purchasing an additional 1,494,830 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter worth approximately $5,775,000. JPMorgan Chase & Co. boosted its position in Blackstone Mortgage Trust by 36.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 578,444 shares of the real estate investment trust’s stock valued at $10,649,000 after purchasing an additional 155,421 shares during the period. Finally, Invesco Ltd. grew its stake in Blackstone Mortgage Trust by 28.1% during the 2nd quarter. Invesco Ltd. now owns 630,752 shares of the real estate investment trust’s stock worth $12,142,000 after buying an additional 138,469 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Insider Activity

In related news, President Fernando Austin Pena sold 3,131 shares of the firm’s stock in a transaction that occurred 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 transaction, the president owned 78,633 shares in the company, valued at $1,512,898.92. This trade represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 5,049 shares of company stock valued at $98,716 in the last ninety days. Company insiders own 1.02% of the company’s stock.

Analyst Ratings Changes

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

Blackstone Mortgage Trust Stock Up 0.5%

Shares of NYSE BXMT opened at $19.63 on Friday. The stock has a market cap of $3.31 billion, a P/E ratio of 30.20 and a beta of 1.07. The firm’s 50-day simple moving average is $19.49 and its 200 day simple moving average is $19.18. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio is currently 289.23%.

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.