California Public Employees Retirement System lifted its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 8.7% in the 1st quarter, HoldingsChannel reports. The firm owned 179,029 shares of the real estate investment trust’s stock after acquiring an additional 14,357 shares during the period. California Public Employees Retirement System’s holdings in Blackstone Mortgage Trust were worth $5,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of Blackstone Mortgage Trust by 61.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,423 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 1,677 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Blackstone Mortgage Trust by 56.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,829 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 1,745 shares in the last quarter. First Allied Advisory Services Inc. purchased a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth $200,000. Paloma Partners Management Co purchased a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth $207,000. Finally, Schnieders Capital Management LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 1st quarter worth $263,000. Hedge funds and other institutional investors own 58.66% of the company’s stock.
Shares of BXMT stock opened at $32.69 on Monday. Blackstone Mortgage Trust Inc has a 52-week low of $29.51 and a 52-week high of $33.08. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.76 and a beta of 0.45.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.02. Blackstone Mortgage Trust had a return on equity of 8.50% and a net margin of 51.52%. The business had revenue of $85.44 million during the quarter, compared to analyst estimates of $88.37 million. During the same quarter in the prior year, the business posted $0.61 EPS. equities analysts expect that Blackstone Mortgage Trust Inc will post 2.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $2.48 dividend on an annualized basis and a yield of 7.59%. Blackstone Mortgage Trust’s payout ratio is presently 107.36%.
Several equities research analysts have recently commented on BXMT shares. Raymond James began coverage on Blackstone Mortgage Trust in a research note on Tuesday, March 27th. They issued a “market perform” rating for the company. ValuEngine lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Friday, April 27th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $33.25.
Blackstone Mortgage Trust Company 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.
Want to see what other hedge funds are holding BXMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Mortgage Trust Inc (NYSE:BXMT).
Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.