Point72 Asset Management L.P. bought a new position in Blackstone Mortgage Trust Inc (NYSE:BXMT) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,800 shares of the real estate investment trust’s stock, valued at approximately $182,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blackstone Group L.P. increased its stake in Blackstone Mortgage Trust by 1.3% in the 1st quarter. Blackstone Group L.P. now owns 4,923,138 shares of the real estate investment trust’s stock worth $154,685,000 after acquiring an additional 64,575 shares during the last quarter. Boston Partners boosted its holdings in shares of Blackstone Mortgage Trust by 52.8% in the 1st quarter. Boston Partners now owns 1,273,555 shares of the real estate investment trust’s stock worth $40,016,000 after purchasing an additional 440,102 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 1.0% in the 1st quarter. OppenheimerFunds Inc. now owns 1,238,995 shares of the real estate investment trust’s stock worth $38,929,000 after purchasing an additional 12,420 shares in the last quarter. Advisors Capital Management LLC boosted its holdings in shares of Blackstone Mortgage Trust by 3.4% in the 1st quarter. Advisors Capital Management LLC now owns 892,299 shares of the real estate investment trust’s stock worth $28,036,000 after purchasing an additional 29,461 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Blackstone Mortgage Trust by 97.4% in the 4th quarter. Renaissance Technologies LLC now owns 562,680 shares of the real estate investment trust’s stock worth $18,107,000 after purchasing an additional 277,701 shares in the last quarter. Institutional investors and hedge funds own 58.66% of the company’s stock.
A number of equities analysts have recently issued reports on BXMT shares. Raymond James started coverage on Blackstone Mortgage Trust in a report on Tuesday, March 27th. They issued a “market perform” rating for the company. ValuEngine cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report 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 objective for the company in a report on Friday, April 27th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $33.25.
Blackstone Mortgage Trust opened at $31.79 on Thursday, according to MarketBeat.com. Blackstone Mortgage Trust Inc has a 12-month low of $29.51 and a 12-month high of $33.08. The stock has a market capitalization of $3.48 billion, a PE ratio of 13.76, a PEG ratio of 2.72 and a beta of 0.45.
Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $85.44 million during the quarter, compared to analysts’ expectations of $88.37 million. Blackstone Mortgage Trust had a return on equity of 8.50% and a net margin of 51.52%. During the same period in the prior year, the business earned $0.61 EPS. research analysts anticipate that Blackstone Mortgage Trust Inc will post 2.37 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 7.80%. The ex-dividend date is Thursday, June 28th. Blackstone Mortgage Trust’s dividend payout ratio is presently 107.36%.
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.