Kestra Private Wealth Services LLC Cuts Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Kestra Private Wealth Services LLC lowered its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 113,618 shares of the real estate investment trust’s stock after selling 9,933 shares during the period. Kestra Private Wealth Services LLC owned approximately 0.07% of Blackstone Mortgage Trust worth $1,978,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter worth approximately $39,000. McIlrath & Eck LLC purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter worth approximately $63,000. KBC Group NV grew its position in Blackstone Mortgage Trust by 39.3% during the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,145 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $172,000. Finally, Paloma Partners Management Co purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter worth approximately $196,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 1.5 %

Shares of NYSE BXMT opened at $18.91 on Wednesday. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $20.73. The company has a 50 day simple moving average of $18.20 and a two-hundred day simple moving average of $18.34. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of -13.60 and a beta of 1.50.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 9.94%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio is currently -135.25%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BXMT shares. Keefe, Bruyette & Woods dropped their target price on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Finally, Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.14.

Blackstone Mortgage Trust Company 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.