United Services Automobile Association Boosts Holdings in Blackstone Mortgage Trust Inc (BXMT)

United Services Automobile Association grew its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 37.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,879 shares of the real estate investment trust’s stock after acquiring an additional 7,066 shares during the period. United Services Automobile Association’s holdings in Blackstone Mortgage Trust were worth $825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp grew its holdings in Blackstone Mortgage Trust by 1.5% during the fourth 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 period. Winslow Evans & Crocker Inc. grew its holdings in Blackstone Mortgage Trust by 30.8% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 350 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Blackstone Mortgage Trust by 3.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,788 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 367 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in Blackstone Mortgage Trust by 2.5% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 20,860 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 500 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC grew its holdings in Blackstone Mortgage Trust by 11.4% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,292 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 645 shares during the period. Institutional investors own 61.87% of the company’s stock.

BXMT stock traded up $0.09 during mid-day trading on Friday, hitting $34.72. 471,334 shares of the company were exchanged, compared to its average volume of 722,328. The company has a market capitalization of $4.30 billion, a PE ratio of 13.10, a price-to-earnings-growth 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 issued its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The firm had revenue of $102.15 million during 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%. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. Research analysts forecast that Blackstone Mortgage Trust Inc will post 2.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.48 annualized dividend and a yield of 7.14%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 93.58%.

A number of equities analysts recently commented on BXMT shares. Zacks Investment Research cut Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Deutsche Bank cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $35.00 to $34.50 in a report on Wednesday, February 13th. JMP Securities reiterated a “hold” rating on shares of Blackstone Mortgage Trust in a report on Sunday, February 17th. Finally, ValuEngine downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $34.63.

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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.

Read More: Stock Symbols and CUSIP Explained

Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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