Advisory Services Network LLC Has $208,000 Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Advisory Services Network LLC lessened its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 78.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,875 shares of the real estate investment trust’s stock after selling 24,634 shares during the quarter. Advisory Services Network LLC’s holdings in Blackstone Mortgage Trust were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BXMT. Marshall Wace North America L.P. bought a new position in shares of Blackstone Mortgage Trust during the 1st quarter worth approximately $55,000. Envestnet Asset Management Inc. lifted its position in shares of Blackstone Mortgage Trust by 9.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,391 shares of the real estate investment trust’s stock worth $586,000 after buying an additional 1,599 shares during the period. Cibc World Markets Corp bought a new position in shares of Blackstone Mortgage Trust during the 2nd quarter worth approximately $1,805,000. Principal Financial Group Inc. lifted its position in shares of Blackstone Mortgage Trust by 39.7% during the 2nd quarter. Principal Financial Group Inc. now owns 163,561 shares of the real estate investment trust’s stock worth $5,216,000 after buying an additional 46,461 shares during the period. Finally, National Asset Management Inc. raised its position in Blackstone Mortgage Trust by 35.2% in the 2nd quarter. National Asset Management Inc. now owns 14,238 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 3,707 shares during the last quarter. Institutional investors and hedge funds own 51.49% of the company’s stock.

Shares of Blackstone Mortgage Trust stock opened at $31.91 on Friday. Blackstone Mortgage Trust, Inc. has a 12 month low of $26.38 and a 12 month high of $34.04. The business has a fifty day simple moving average of $31.50 and a 200 day simple moving average of $31.75. The stock has a market cap of $5.34 billion, a PE ratio of 12.46 and a beta of 1.36.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, October 26th. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Blackstone Mortgage Trust had a return on equity of 8.13% and a net margin of 54.64%. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, research analysts predict that Blackstone Mortgage Trust, Inc. will post 2.25 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were paid a $0.62 dividend. The ex-dividend date was Thursday, December 30th. This represents a $2.48 dividend on an annualized basis and a yield of 7.77%. Blackstone Mortgage Trust’s payout ratio is 96.88%.

Several equities analysts have issued reports on BXMT shares. Keefe, Bruyette & Woods upgraded Blackstone Mortgage Trust from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Monday, November 29th. Zacks Investment Research upgraded Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $33.00.

In other Blackstone Mortgage Trust news, EVP Douglas N. Armer sold 832 shares of the business’s stock in a transaction dated Tuesday, November 9th. The stock was sold at an average price of $33.46, for a total value of $27,838.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas N. Armer sold 849 shares of the business’s stock in a transaction dated Monday, November 29th. The shares were sold at an average price of $31.01, for a total value of $26,327.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,469 shares of company stock valued at $79,567. Insiders own 1.06% of the company’s stock.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio.

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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