Farther Finance Advisors LLC Acquires 8,996 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Farther Finance Advisors LLC raised its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 1,416.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,631 shares of the real estate investment trust’s stock after purchasing an additional 8,996 shares during the quarter. Farther Finance Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $168,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in Blackstone Mortgage Trust by 17.5% during the fourth quarter. Handelsbanken Fonder AB now owns 57,051 shares of the real estate investment trust’s stock valued at $993,000 after purchasing an additional 8,500 shares during the last quarter. Principal Financial Group Inc. lifted its position in Blackstone Mortgage Trust by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust’s stock valued at $14,607,000 after purchasing an additional 20,487 shares during the last quarter. Intech Investment Management LLC bought a new position in Blackstone Mortgage Trust during the third quarter valued at $821,000. Tidal Investments LLC bought a new position in Blackstone Mortgage Trust during the third quarter valued at $883,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Blackstone Mortgage Trust by 5.0% during the fourth 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. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

Shares of BXMT opened at $21.08 on Thursday. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $21.18. The company has a 50-day moving average of $19.29 and a 200 day moving average of $18.83. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of -18.01 and a beta of 1.52.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share 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 anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the transaction, the chief executive officer now 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 5,652 shares of company stock valued at $116,971. Company insiders own 0.93% of the company’s stock.

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.