Teachers Advisors LLC lessened its stake in Blackstone Mortgage Trust (NYSE:BXMT) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,684 shares of the real estate investment trust’s stock after selling 9,995 shares during the period. Teachers Advisors LLC owned 0.25% of Blackstone Mortgage Trust worth $8,582,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of BXMT. MCF Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust during the 4th quarter valued at $103,000. Ffcm LLC raised its position in shares of Blackstone Mortgage Trust by 151.5% during the 4th quarter. Ffcm LLC now owns 4,656 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 2,805 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Blackstone Mortgage Trust by 56.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,829 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 1,745 shares during the last quarter. First Allied Advisory Services Inc. bought a new stake in shares of Blackstone Mortgage Trust during the 4th quarter valued at $200,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 61.16% of the company’s stock.
BXMT opened at $31.43 on Thursday. Blackstone Mortgage Trust has a 12 month low of $29.51 and a 12 month high of $33.08. The firm has a market capitalization of $3,388.64, a P/E ratio of 13.56, a PEG ratio of 2.60 and a beta of 0.44.
Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Blackstone Mortgage Trust had a net margin of 53.86% and a return on equity of 8.47%. The business had revenue of $80.17 million during the quarter, compared to analysts’ expectations of $77.97 million. research analysts expect that Blackstone Mortgage Trust will post 2.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date is Wednesday, March 28th. Blackstone Mortgage Trust’s dividend payout ratio is currently 107.36%.
Several brokerages have commented on BXMT. Keefe, Bruyette & Woods cut shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Wells Fargo began coverage on shares of Blackstone Mortgage Trust in a research report on Wednesday, December 6th. They set an “outperform” rating for the company. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Thursday, January 25th. Raymond James Financial began coverage on shares of Blackstone Mortgage Trust in a research report on Tuesday, March 27th. They set a “market perform” rating for the company. Finally, B. Riley set a $33.00 target price on shares of Blackstone Mortgage Trust and gave the company a “buy” rating in a research report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $33.60.
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Blackstone Mortgage Trust 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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