Financial Advantage Inc. decreased its holdings in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 36.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,744 shares of the real estate investment trust’s stock after selling 52,922 shares during the quarter. Blackstone Mortgage Trust makes up 2.3% of Financial Advantage Inc.’s investment portfolio, making the stock its 22nd biggest holding. Financial Advantage Inc. owned approximately 0.07% of Blackstone Mortgage Trust worth $3,170,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of BXMT. Enlightenment Research LLC purchased a new stake in Blackstone Mortgage Trust in the 4th quarter valued at about $96,000. Golub Group LLC increased its stake in Blackstone Mortgage Trust by 7.2% in the 4th quarter. Golub Group LLC now owns 70,230 shares of the real estate investment trust’s stock valued at $2,238,000 after buying an additional 4,711 shares during the last quarter. Mackenzie Financial Corp increased its stake 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 buying an additional 4,615 shares during the last quarter. Cetera Advisors LLC increased its stake in Blackstone Mortgage Trust by 68.7% in the 4th quarter. Cetera Advisors LLC now owns 10,314 shares of the real estate investment trust’s stock valued at $328,000 after buying an additional 4,200 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. grew its position in shares of Blackstone Mortgage Trust by 30.8% during the 4th 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 period. 60.82% of the stock is currently owned by institutional investors.
BXMT opened at $35.28 on Friday. The company has a market capitalization of $4.45 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57. Blackstone Mortgage Trust Inc has a 12 month low of $30.84 and a 12 month high of $35.98.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 7.03%. The ex-dividend date was Thursday, March 28th. Blackstone Mortgage Trust’s payout ratio is 93.58%.
A number of research analysts have recently weighed in on BXMT shares. Zacks Investment Research raised shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, April 26th. JMP Securities reissued a “hold” rating on shares of Blackstone Mortgage Trust in a research report on Sunday, February 17th. Deutsche Bank downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $35.00 to $34.50 in a research report on Wednesday, February 13th. Finally, ValuEngine downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.63.
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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, 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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