Bank of Montreal Can cut its stake in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 21.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 753,760 shares of the real estate investment trust’s stock after selling 206,106 shares during the period. Bank of Montreal Can owned about 0.79% of Blackstone Mortgage Trust worth $23,336,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of Blackstone Mortgage Trust by 27.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,276 shares of the real estate investment trust’s stock valued at $156,000 after buying an additional 1,126 shares in the last quarter. First Manhattan Co. boosted its position in shares of Blackstone Mortgage Trust by 40.2% in the third quarter. First Manhattan Co. now owns 6,450 shares of the real estate investment trust’s stock valued at $189,000 after buying an additional 1,850 shares in the last quarter. 1st Global Advisors Inc. bought a new position in shares of Blackstone Mortgage Trust during the third quarter valued at $203,000. Argentus Capital Management LLC bought a new position in shares of Blackstone Mortgage Trust during the third quarter valued at $211,000. Finally, New England Research & Management Inc. bought a new position in shares of Blackstone Mortgage Trust during the first quarter valued at $217,000. 71.56% of the stock is owned by hedge funds and other institutional investors.
Blackstone Mortgage Trust Inc (NYSE:BXMT) opened at 30.80 on Friday. Blackstone Mortgage Trust Inc has a 12-month low of $26.46 and a 12-month high of $31.53. The firm has a market cap of $2.92 billion, a PE ratio of 12.17 and a beta of 0.84. The stock’s 50 day moving average price is $30.79 and its 200-day moving average price is $30.35.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, February 14th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.01. Blackstone Mortgage Trust had a net margin of 59.83% and a return on equity of 9.35%. The company had revenue of $71.83 million for the quarter, compared to the consensus estimate of $78.62 million. During the same period last year, the business posted $0.68 earnings per share. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities research analysts anticipate that Blackstone Mortgage Trust Inc will post $2.59 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 8.05%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 92.88%.
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BXMT has been the subject of several analyst reports. TheStreet raised Blackstone Mortgage Trust from a “c” rating to a “b-” rating in a report on Thursday, February 16th. FBR & Co reaffirmed a “buy” rating on shares of Blackstone Mortgage Trust in a report on Wednesday, February 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Blackstone Mortgage Trust in a report on Thursday, March 16th. Zacks Investment Research raised Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a report on Friday, April 14th. Finally, Wells Fargo & Co cut Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $32.25.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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