Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by American International Group Inc.

American International Group Inc. trimmed its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,806 shares of the real estate investment trust’s stock after selling 786 shares during the quarter. American International Group Inc.’s holdings in Blackstone Mortgage Trust were worth $1,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of BXMT. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Blackstone Mortgage Trust by 35.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,096,198 shares of the real estate investment trust’s stock worth $23,316,000 after acquiring an additional 289,643 shares during the last quarter. Norges Bank acquired a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $38,747,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $1,136,000. Vanguard Group Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 15.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock worth $405,492,000 after acquiring an additional 2,470,412 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $1,222,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Price Performance

NYSE BXMT opened at $17.97 on Wednesday. The firm’s fifty day moving average price is $17.81 and its 200 day moving average price is $19.47. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 599.00 and a beta of 1.47. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.70 and a 12 month high of $23.82.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.62 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.80%. Blackstone Mortgage Trust’s dividend payout ratio is presently 8,266.67%.

Insider Activity

In other news, CEO Katharine A. Keenan sold 2,259 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $17.04, for a total value of $38,493.36. Following the completion of the transaction, the chief executive officer now owns 189,764 shares in the company, valued at approximately $3,233,578.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,259 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $17.04, for a total transaction of $38,493.36. Following the completion of the transaction, the chief executive officer now directly owns 189,764 shares in the company, valued at approximately $3,233,578.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Katharine A. Keenan sold 4,508 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $17.53, for a total transaction of $79,025.24. Following the transaction, the chief executive officer now owns 182,960 shares of the company’s stock, valued at $3,207,288.80. The disclosure for this sale can be found here. Insiders sold 11,057 shares of company stock worth $191,141 in the last 90 days. 0.93% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BXMT has been the topic of several recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 price objective on shares of Blackstone Mortgage Trust in a report on Tuesday, June 18th. BTIG Research decreased their price objective on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. JPMorgan Chase & Co. decreased their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Wells Fargo & Company cut their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Finally, Wolfe Research assumed coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday. They set a “peer perform” rating on the stock. Seven 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 has a consensus rating of “Hold” and an average target price of $19.93.

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.