Garrison Bradford & Associates Inc. grew its holdings in shares of Blackstone Mortgage Trust (NYSE:BXMT) by 1.1% in the first quarter, Holdings Channel reports. The fund owned 393,839 shares of the real estate investment trust’s stock after purchasing an additional 4,346 shares during the period. Blackstone Mortgage Trust accounts for about 10.5% of Garrison Bradford & Associates Inc.’s investment portfolio, making the stock its 2nd largest holding. Garrison Bradford & Associates Inc.’s holdings in Blackstone Mortgage Trust were worth $12,374,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of BXMT. Delphi Financial Group Inc. bought a new stake in shares of Blackstone Mortgage Trust during the 1st quarter valued at about $16,910,000. Boston Partners boosted its position in shares of Blackstone Mortgage Trust by 52.8% during the 1st quarter. Boston Partners now owns 1,273,555 shares of the real estate investment trust’s stock valued at $40,016,000 after acquiring an additional 440,102 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Blackstone Mortgage Trust during the 4th quarter valued at about $12,328,000. Renaissance Technologies LLC boosted its position in shares of Blackstone Mortgage Trust by 97.4% during the 4th quarter. Renaissance Technologies LLC now owns 562,680 shares of the real estate investment trust’s stock valued at $18,107,000 after acquiring an additional 277,701 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Blackstone Mortgage Trust by 155.4% during the 4th quarter. Two Sigma Investments LP now owns 420,561 shares of the real estate investment trust’s stock valued at $13,534,000 after buying an additional 255,920 shares in the last quarter. Hedge funds and other institutional investors own 60.87% of the company’s stock.
Shares of NYSE BXMT opened at $31.57 on Friday. The firm has a market capitalization of $3.39 billion, a PE ratio of 13.67, a P/E/G ratio of 2.65 and a beta of 0.47.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. The company had revenue of $80.17 million for the quarter, compared to analysts’ expectations of $77.97 million. Blackstone Mortgage Trust had a return on equity of 8.50% and a net margin of 51.52%. analysts anticipate that Blackstone Mortgage Trust will post 2.37 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were paid a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $2.48 dividend on an annualized basis and a yield of 7.86%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 107.36%.
A number of equities analysts recently weighed in on the company. B. Riley set a $33.00 price objective on Blackstone Mortgage Trust and gave the company a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Monday, January 29th. ValuEngine cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Raymond James assumed coverage on Blackstone Mortgage Trust in a report on Tuesday, March 27th. They set a “market perform” rating on the stock. Finally, JPMorgan Chase cut Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a report on Tuesday, February 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Blackstone Mortgage Trust has an average rating of “Hold” and a consensus price target of $33.25.
Blackstone Mortgage Trust Profile
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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