Blackstone Mortgage Trust Inc (NYSE:BXMT) Shares Bought by Cetera Advisors LLC

Cetera Advisors LLC grew its position in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 68.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,314 shares of the real estate investment trust’s stock after purchasing an additional 4,200 shares during the quarter. Cetera Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $328,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BXMT. Adalta Capital Management LLC bought a new position in shares of Blackstone Mortgage Trust in the fourth quarter valued at $2,711,000. Legal & General Group Plc raised its holdings in shares of Blackstone Mortgage Trust by 12.7% in the fourth quarter. Legal & General Group Plc now owns 76,015 shares of the real estate investment trust’s stock valued at $2,422,000 after purchasing an additional 8,572 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Blackstone Mortgage Trust by 2.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 42,160 shares of the real estate investment trust’s stock valued at $1,343,000 after purchasing an additional 1,145 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Blackstone Mortgage Trust by 362.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 34,983 shares of the real estate investment trust’s stock valued at $1,115,000 after purchasing an additional 27,421 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $1,588,000. 61.87% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on BXMT. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. ValuEngine downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. JMP Securities restated a “hold” rating on shares of Blackstone Mortgage Trust in a report on Sunday, February 17th. Finally, Deutsche Bank downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $35.00 to $34.50 in a report on Wednesday, February 13th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.63.

NYSE BXMT traded up $0.55 during trading hours on Wednesday, reaching $35.59. 1,945,000 shares of the company were exchanged, compared to its average volume of 863,229. The company has a market capitalization of $4.34 billion, a PE ratio of 13.43, 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 $35.74.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.11. The firm had revenue of $106.07 million during the quarter, compared to the consensus estimate of $98.89 million. Blackstone Mortgage Trust had a net margin of 51.44% and a return on equity of 9.58%. During the same quarter last year, the company earned $0.64 earnings per share. On average, research analysts predict that Blackstone Mortgage Trust Inc will post 2.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.62 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.48 annualized dividend and a dividend yield of 6.97%. Blackstone Mortgage Trust’s payout ratio is 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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