Stevens Capital Management LP Invests $223,000 in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Stevens Capital Management LP acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,487 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also made changes to their positions in BXMT. Central Bank & Trust Co. purchased a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth $25,000. GAMMA Investing LLC purchased a new position in shares of Blackstone Mortgage Trust during the fourth quarter worth $45,000. Sandy Spring Bank raised its holdings in shares of Blackstone Mortgage Trust by 10,652.0% during the fourth quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 2,663 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Blackstone Mortgage Trust by 4,986.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 6,483 shares during the last quarter. Finally, Blair William & Co. IL purchased a new position in shares of Blackstone Mortgage Trust during the third quarter worth $202,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock traded up $0.27 on Friday, reaching $17.92. 2,161,081 shares of the company were exchanged, compared to its average volume of 2,174,148. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 605.67 and a beta of 1.42. The business has a 50-day moving average price of $19.51 and a 200 day moving average price of $20.60. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.83 and a 1 year high of $23.82.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.62 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.48 dividend on an annualized basis and a yield of 13.84%. Blackstone Mortgage Trust’s payout ratio is presently 8,266.67%.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now directly owns 192,023 shares in the company, valued at $3,888,465.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the transaction, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Katharine A. Keenan sold 2,274 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $20.42, for a total transaction of $46,435.08. Following the completion of the transaction, the chief executive officer now owns 194,298 shares in the company, valued at $3,967,565.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,540 shares of company stock worth $112,642. 1.02% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BXMT shares. JPMorgan Chase & Co. reduced their target price on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Thursday. BTIG Research cut their price objective on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Keefe, Bruyette & Woods cut their price objective on shares of Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a report on Friday. UBS Group cut their price objective on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Wells Fargo & Company cut their price objective on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $19.93.

Blackstone Mortgage Trust Company 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.