Nuveen Asset Management LLC Has $14.86 Million Stake in Blackstone Mortgage Trust Inc (NYSE:BXMT)

Nuveen Asset Management LLC cut its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 52.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 466,452 shares of the real estate investment trust’s stock after selling 506,209 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.39% of Blackstone Mortgage Trust worth $14,861,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp lifted its position in shares of Blackstone Mortgage Trust by 1.5% during the 4th quarter. Mackenzie Financial Corp now owns 20,465 shares of the real estate investment trust’s stock worth $652,000 after purchasing an additional 300 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its position in Blackstone Mortgage Trust by 30.8% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 350 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Blackstone Mortgage Trust by 3.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,788 shares of the real estate investment trust’s stock valued at $343,000 after buying an additional 367 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Blackstone Mortgage Trust by 2.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 20,860 shares of the real estate investment trust’s stock valued at $665,000 after buying an additional 500 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of Blackstone Mortgage Trust by 11.4% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,292 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 645 shares during the last quarter. 61.87% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on BXMT shares. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Monday. JMP Securities restated a “hold” rating on shares of Blackstone Mortgage Trust in a research report on Sunday, February 17th. Finally, Deutsche Bank upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.63.

Shares of BXMT traded down $0.04 on Monday, hitting $34.80. 559,883 shares of the stock traded hands, compared to its average volume of 807,987. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 2.82 and a beta of 0.57. Blackstone Mortgage Trust Inc has a 1 year low of $30.14 and a 1 year high of $35.70.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. The company had revenue of $102.15 million for the quarter, compared to the consensus estimate of $95.88 million. Blackstone Mortgage Trust had a net margin of 51.44% and a return on equity of 9.58%. Blackstone Mortgage Trust’s revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. As a group, equities research analysts expect that Blackstone Mortgage Trust Inc will post 2.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 7.13%. The ex-dividend date of this dividend is Thursday, March 28th. Blackstone Mortgage Trust’s payout ratio is currently 93.58%.

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Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. 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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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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