Handelsbanken Fonder AB Has $1.03 Million Stock Position in Blackstone Mortgage Trust, Inc. $BXMT

Handelsbanken Fonder AB lowered its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 53,251 shares of the real estate investment trust’s stock after selling 3,800 shares during the period. Handelsbanken Fonder AB’s holdings in Blackstone Mortgage Trust were worth $1,025,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BXMT. Natixis Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust during the 1st quarter worth about $561,000. Cetera Investment Advisers lifted its holdings in Blackstone Mortgage Trust by 19.1% in the 1st quarter. Cetera Investment Advisers now owns 147,753 shares of the real estate investment trust’s stock worth $2,955,000 after purchasing an additional 23,716 shares during the last quarter. Crewe Advisors LLC bought a new stake in Blackstone Mortgage Trust during the second quarter worth approximately $1,080,000. Entropy Technologies LP bought a new stake in Blackstone Mortgage Trust during the first quarter worth approximately $819,000. Finally, Envestnet Asset Management Inc. grew its holdings in Blackstone Mortgage Trust by 32.7% during the first quarter. Envestnet Asset Management Inc. now owns 58,076 shares of the real estate investment trust’s stock valued at $1,162,000 after purchasing an additional 14,311 shares during the last quarter. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Trading Up 0.1%

BXMT opened at $19.47 on Friday. The business has a 50 day moving average of $18.52 and a 200-day moving average of $19.04. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 31.40 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.51 and a 1-year high of $21.24.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.19 by $0.05. Blackstone Mortgage Trust had a net margin of 7.53% and a return on equity of 4.06%. The firm had revenue of $132.71 million during the quarter, compared to analysts’ expectations of $103.56 million. Equities analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.7%. Blackstone Mortgage Trust’s dividend payout ratio is currently 303.23%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of Blackstone Mortgage Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research note on Monday, November 17th. JPMorgan Chase & Co. lifted their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.00.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 4,593 shares of Blackstone Mortgage Trust stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $19.49, for a total transaction of $89,517.57. Following the sale, the chief executive officer directly owned 230,006 shares of the company’s stock, valued at $4,482,816.94. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 8,818 shares of company stock valued at $171,190 in the last three months. 1.02% of the stock is currently owned by company insiders.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.