Condor Capital Management Grows Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Condor Capital Management lifted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 61.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 152,155 shares of the real estate investment trust’s stock after purchasing an additional 58,165 shares during the quarter. Condor Capital Management owned about 0.09% of Blackstone Mortgage Trust worth $2,649,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its stake in Blackstone Mortgage Trust by 5.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock valued at $44,134,000 after purchasing an additional 121,633 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock valued at $3,289,000 after acquiring an additional 108,409 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $1,937,000. Centiva Capital LP increased its holdings in shares of Blackstone Mortgage Trust by 405.5% in the third quarter. Centiva Capital LP now owns 60,128 shares of the real estate investment trust’s stock valued at $1,143,000 after purchasing an additional 79,809 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at approximately $1,326,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Up 0.8 %

Shares of BXMT opened at $21.08 on Thursday. The firm has a 50-day moving average price of $19.29 and a 200 day moving average price of $18.83. The firm has a market capitalization of $3.62 billion, a PE ratio of -18.01 and a beta of 1.52. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $21.18.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. On average, equities analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current year.

Blackstone Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 8.92%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -160.68%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BXMT shares. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised their price objective on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Finally, UBS Group lifted their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.67.

Insider Transactions at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the transaction, the chief executive officer now directly owns 246,172 shares of the company’s stock, valued at approximately $5,095,760.40. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 5,652 shares of company stock worth $116,971. Insiders own 0.93% of the company’s stock.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.