MADDEN SECURITIES Corp Lowers Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

MADDEN SECURITIES Corp trimmed its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 79.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,220 shares of the real estate investment trust’s stock after selling 103,985 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Blackstone Mortgage Trust were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. GFS Advisors LLC boosted its holdings in Blackstone Mortgage Trust by 9,068.6% during the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after purchasing an additional 453,430 shares during the last quarter. Dupree Financial Group LLC lifted its position in shares of Blackstone Mortgage Trust by 98.8% during the 3rd quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock worth $5,200,000 after buying an additional 135,963 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Blackstone Mortgage Trust by 167.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock worth $3,289,000 after buying an additional 108,409 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $1,937,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $1,695,000. Institutional investors own 64.15% of the company’s stock.

Analysts Set New Price Targets

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

Blackstone Mortgage Trust Price Performance

Shares of BXMT opened at $18.61 on Tuesday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $20.73. The business has a 50-day moving average of $18.21 and a 200 day moving average of $18.34.

Blackstone Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.10%. The ex-dividend date was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -135.25%.

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.