Dupree Financial Group LLC Increases Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Dupree Financial Group LLC boosted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 98.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,560 shares of the real estate investment trust’s stock after buying an additional 135,963 shares during the quarter. Blackstone Mortgage Trust makes up approximately 2.1% of Dupree Financial Group LLC’s investment portfolio, making the stock its 18th biggest holding. Dupree Financial Group LLC’s holdings in Blackstone Mortgage Trust were worth $5,200,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Artemis Investment Management LLP purchased a new position in shares of Blackstone Mortgage Trust in the 3rd quarter valued at $24,103,000. Point72 Asset Management L.P. purchased a new position in Blackstone Mortgage Trust in the second quarter valued at about $10,656,000. Goldman Sachs Group Inc. raised its holdings in Blackstone Mortgage Trust by 82.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,169,503 shares of the real estate investment trust’s stock worth $24,875,000 after purchasing an additional 528,950 shares in the last quarter. Choreo LLC purchased a new stake in shares of Blackstone Mortgage Trust during the second quarter valued at about $6,983,000. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Blackstone Mortgage Trust during the second quarter valued at about $4,790,000. Institutional investors own 64.15% of the company’s stock.

Insider Transactions at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, Director Timothy Steven Johnson purchased 57,050 shares of the stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $17.50 per share, with a total value of $998,375.00. Following the completion of the acquisition, the director now owns 423,251 shares in the company, valued at $7,406,892.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Katharine A. Keenan acquired 16,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $17.16 per share, with a total value of $274,560.00. Following the purchase, the chief executive officer now directly owns 198,960 shares of the company’s stock, valued at $3,414,153.60. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy Steven Johnson bought 57,050 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $17.50 per share, with a total value of $998,375.00. Following the completion of the purchase, the director now owns 423,251 shares in the company, valued at approximately $7,406,892.50. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 83,050 shares of company stock worth $1,448,135 and have sold 1,495 shares worth $27,899. Company insiders own 0.93% of the company’s stock.

Blackstone Mortgage Trust Stock Down 0.3 %

Shares of NYSE:BXMT opened at $18.61 on Wednesday. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $23.29. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -20.67 and a beta of 1.50. The business has a 50-day moving average price of $18.52 and a 200-day moving average price of $18.16.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $466.15 million during the quarter, compared to analyst estimates of $131.87 million. Blackstone Mortgage Trust had a negative net margin of 7.98% and a positive return on equity of 10.16%. During the same period last year, the firm posted $0.75 EPS. As a group, equities analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.94 EPS for the current fiscal year.

Blackstone Mortgage Trust announced that its board has initiated a stock repurchase program on Wednesday, July 24th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BXMT has been the subject of several recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Tuesday, July 23rd. Wells Fargo & Company upped their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Wolfe Research initiated coverage on Blackstone Mortgage Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Finally, BTIG Research restated a “buy” rating and set a $23.00 price target on shares of Blackstone Mortgage Trust in a research note on Friday, July 19th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.08.

About Blackstone Mortgage Trust

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.