Garrison Bradford & Associates Inc. cut its holdings in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 389,493 shares of the real estate investment trust’s stock after selling 5,106 shares during the quarter. Blackstone Mortgage Trust comprises approximately 10.4% of Garrison Bradford & Associates Inc.’s portfolio, making the stock its 2nd largest holding. Garrison Bradford & Associates Inc. owned about 0.37% of Blackstone Mortgage Trust worth $12,534,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Capital Management LLC acquired a new position in shares of Blackstone Mortgage Trust during the third quarter worth about $620,000. Neville Rodie & Shaw Inc. increased its stake in shares of Blackstone Mortgage Trust by 2.3% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 256,560 shares of the real estate investment trust’s stock worth $8,256,000 after acquiring an additional 5,682 shares during the period. Atlantic Trust Group LLC acquired a new position in shares of Blackstone Mortgage Trust during the third quarter worth about $2,076,000. Blackstone Group L.P. increased its stake in shares of Blackstone Mortgage Trust by 14.4% during the third quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock worth $163,276,000 after acquiring an additional 663,846 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Blackstone Mortgage Trust during the third quarter worth about $284,000. Institutional investors own 54.10% of the company’s stock.
In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 3,658 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $31.86, for a total value of $116,543.88. Following the sale, the treasurer now owns 49,561 shares of the company’s stock, valued at $1,579,013.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anthony F. Marone, Jr. sold 1,070 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $31.95, for a total transaction of $34,186.50. Following the completion of the sale, the chief financial officer now directly owns 15,504 shares in the company, valued at approximately $495,352.80. The disclosure for this sale can be found here. Insiders sold 6,516 shares of company stock worth $208,100 in the last ninety days. Insiders own 0.91% of the company’s stock.
A number of research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. FBR & Co upped their target price on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. B. Riley restated a “buy” rating and set a $33.00 target price on shares of Blackstone Mortgage Trust in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods lowered shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Blackstone Mortgage Trust presently has an average rating of “Buy” and a consensus price target of $33.80.
Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) traded up $0.12 on Friday, reaching $31.52. 737,728 shares of the company’s stock traded hands, compared to its average volume of 926,849. Blackstone Mortgage Trust Inc has a one year low of $29.76 and a one year high of $33.08. The firm has a market capitalization of $3,330.00, a price-to-earnings ratio of 14.01 and a beta of 0.66.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. Blackstone Mortgage Trust had a net margin of 53.85% and a return on equity of 8.63%. The company had revenue of $78.60 million for the quarter, compared to analyst estimates of $74.35 million. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. analysts expect that Blackstone Mortgage Trust Inc will post 2.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 7.87%. The ex-dividend date of this dividend was Thursday, December 28th. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 110.22%.
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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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