32,000 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Bought by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT bought a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,000 shares of the real estate investment trust’s stock, valued at approximately $557,000.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust’s stock worth $14,607,000 after purchasing an additional 20,487 shares in the last quarter. Van ECK Associates Corp lifted its position in Blackstone Mortgage Trust by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock worth $15,737,000 after buying an additional 38,436 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in Blackstone Mortgage Trust by 1.4% in 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 buying an additional 8,444 shares in the last quarter. GFS Advisors LLC grew its position in 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 valued at $8,900,000 after acquiring an additional 52,750 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake 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 in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, February 18th. Finally, Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Blackstone Mortgage Trust presently has an average rating of “Hold” and an average target price of $20.64.

Blackstone Mortgage Trust Stock Down 1.5 %

Shares of Blackstone Mortgage Trust stock opened at $20.26 on Friday. The company’s fifty day simple moving average is $18.40 and its two-hundred day simple moving average is $18.48. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $21.09. The firm has a market cap of $3.48 billion, a PE ratio of -17.31 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts expect 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 was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 9.28%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently -160.68%.

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.