Orinda Asset Management LLC acquired a new position in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,000 shares of the real estate investment trust’s stock, valued at approximately $1,274,000. Blackstone Mortgage Trust accounts for about 3.6% of Orinda Asset Management LLC’s holdings, making the stock its 11th biggest position.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BXMT. Commonwealth Bank of Australia bought a new position in Blackstone Mortgage Trust in the 3rd quarter valued at about $264,000. Voya Investment Management LLC bought a new position in Blackstone Mortgage Trust in the 2nd quarter valued at about $1,140,000. Botty Investors LLC lifted its holdings in Blackstone Mortgage Trust by 2.4% in the 3rd quarter. Botty Investors LLC now owns 329,341 shares of the real estate investment trust’s stock valued at $11,240,000 after acquiring an additional 7,695 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Blackstone Mortgage Trust by 29.7% in the 3rd quarter. Mackenzie Financial Corp now owns 20,165 shares of the real estate investment trust’s stock valued at $676,000 after acquiring an additional 4,615 shares during the last quarter. Finally, MetLife Investment Advisors LLC lifted its holdings in Blackstone Mortgage Trust by 55.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 76,171 shares of the real estate investment trust’s stock valued at $2,552,000 after acquiring an additional 27,276 shares during the last quarter. 63.76% of the stock is currently owned by institutional investors and hedge funds.
In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 806 shares of Blackstone Mortgage Trust stock in a transaction on Friday, November 30th. The stock was sold at an average price of $34.93, for a total transaction of $28,153.58. Following the completion of the transaction, the treasurer now directly owns 79,481 shares of the company’s stock, valued at $2,776,271.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer Douglas N. Armer sold 3,211 shares of Blackstone Mortgage Trust stock in a transaction on Monday, December 10th. The shares were sold at an average price of $34.87, for a total value of $111,967.57. Following the transaction, the treasurer now directly owns 76,270 shares of the company’s stock, valued at $2,659,534.90. The disclosure for this sale can be found here. Insiders sold 6,865 shares of company stock valued at $239,077 over the last three months. 0.96% of the stock is owned by company insiders.
NYSE:BXMT opened at $34.19 on Thursday. Blackstone Mortgage Trust Inc has a 52 week low of $30.14 and a 52 week high of $35.70. The company has a market capitalization of $4.18 billion, a P/E ratio of 14.80, a PEG ratio of 2.75 and a beta of 0.58.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. Blackstone Mortgage Trust had a return on equity of 9.36% and a net margin of 50.60%. The company had revenue of $102.15 million for the quarter, compared to the consensus estimate of $95.88 million. During the same quarter last year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. Analysts expect that Blackstone Mortgage Trust Inc will post 2.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were given a $0.62 dividend. The ex-dividend date was Friday, December 28th. This represents a $2.48 annualized dividend and a dividend yield of 7.25%. Blackstone Mortgage Trust’s dividend payout ratio is 107.36%.
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About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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