Rothschild Investment LLC Cuts Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Rothschild Investment LLC cut its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,745 shares of the real estate investment trust’s stock after selling 640 shares during the quarter. Rothschild Investment LLC’s holdings in Blackstone Mortgage Trust were worth $204,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in Blackstone Mortgage Trust by 2.5% in 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 period. Van ECK Associates Corp increased its position in shares of Blackstone Mortgage Trust by 4.9% during the third quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock worth $15,737,000 after acquiring an additional 38,436 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Blackstone Mortgage Trust by 1.4% during the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock worth $11,319,000 after acquiring an additional 8,444 shares during the last quarter. GFS Advisors LLC increased its position in shares of Blackstone Mortgage Trust by 11.5% during the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust’s stock worth $8,900,000 after acquiring an additional 52,750 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its position in shares of Blackstone Mortgage Trust by 2.1% during the third quarter. Nations Financial Group Inc. IA ADV now owns 367,806 shares of the real estate investment trust’s stock worth $6,992,000 after acquiring an additional 7,732 shares during the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT opened at $20.38 on Wednesday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -17.42 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $21.09. The stock has a 50-day simple moving average of $18.46 and a 200 day simple moving average of $18.54.

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

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.22%. Blackstone Mortgage Trust’s payout ratio is currently -160.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BXMT shares. Wolfe Research raised 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. JPMorgan Chase & Co. lifted their target price on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. UBS Group lifted their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.71.

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.