Roble Belko & Company Inc lifted its holdings in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,392 shares of the real estate investment trust’s stock after purchasing an additional 4,117 shares during the period. Blackstone Mortgage Trust comprises about 0.9% of Roble Belko & Company Inc’s investment portfolio, making the stock its 23rd biggest position. Roble Belko & Company Inc owned 0.06% of Blackstone Mortgage Trust worth $2,104,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Blackstone Mortgage Trust in the 3rd quarter worth $422,000. Blackstone Group L.P. boosted its stake in shares of Blackstone Mortgage Trust by 14.4% during the 3rd quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock valued at $163,276,000 after purchasing an additional 663,846 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $284,000. Janney Capital Management LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $620,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $203,000. 54.21% of the stock is currently owned by institutional investors.
Shares of Blackstone Mortgage Trust Inc (NYSE BXMT) traded up $0.91 during midday trading on Wednesday, reaching $31.06. 909,900 shares of the company were exchanged, compared to its average volume of 979,015. The stock has a market cap of $3,280.00, a PE ratio of 13.81 and a beta of 0.59. Blackstone Mortgage Trust Inc has a one year low of $29.51 and a one year high of $33.08.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.62 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.48 annualized dividend and a yield of 7.98%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 110.22%.
A number of equities research analysts have recently weighed in on BXMT shares. Zacks Investment Research raised shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, October 30th. Wells Fargo & Co started coverage on shares of Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They set an “outperform” rating on the stock. Keefe, Bruyette & Woods lowered shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. B. Riley reaffirmed a “buy” rating and set a $33.00 target price on shares of Blackstone Mortgage Trust in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. cut shares of Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.60.
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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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