State of Alaska Department of Revenue Acquires Shares of 46,872 Blackstone Mortgage Trust Inc (NYSE:BXMT)

State of Alaska Department of Revenue purchased a new stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 46,872 shares of the real estate investment trust’s stock, valued at approximately $1,619,000.

Several other large investors have also recently added to or reduced their stakes in BXMT. Riverview Trust Co acquired a new stake in Blackstone Mortgage Trust during the fourth quarter worth $32,000. Advisory Services Network LLC boosted its stake in shares of Blackstone Mortgage Trust by 72.0% in the 4th quarter. Advisory Services Network LLC now owns 1,175 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 492 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its stake in shares of Blackstone Mortgage Trust by 30.8% in 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 purchasing an additional 350 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust by 153.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Blackstone Mortgage Trust by 59.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 2,026 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 759 shares in the last quarter. 60.82% of the stock is currently owned by institutional investors.

NYSE BXMT traded up $0.50 on Friday, hitting $35.78. 927,091 shares of the company were exchanged, compared to its average volume of 785,508. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57. Blackstone Mortgage Trust Inc has a 1-year low of $30.84 and a 1-year high of $35.98.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.11. The business had revenue of $106.07 million for the quarter, compared to the consensus estimate of $98.89 million. Blackstone Mortgage Trust had a net margin of 48.22% and a return on equity of 9.73%. During the same quarter in the prior year, the company earned $0.64 EPS. On average, research analysts predict that Blackstone Mortgage Trust Inc will post 2.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued 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 6.93%. Blackstone Mortgage Trust’s dividend payout ratio is currently 93.58%.

BXMT has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, April 26th. JMP Securities restated a “hold” rating on shares of Blackstone Mortgage Trust in a research note 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 note on Wednesday, February 13th. Finally, ValuEngine downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Blackstone Mortgage Trust currently has an average rating of “Hold” and an average price target of $35.63.

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 793 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $35.45, for a total transaction of $28,111.85. Following the completion of the sale, the chief financial officer now directly owns 29,824 shares of the company’s stock, valued at approximately $1,057,260.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Douglas N. Armer sold 1,913 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $35.46, for a total value of $67,834.98. Following the sale, the treasurer now directly owns 74,383 shares of the company’s stock, valued at $2,637,621.18. The disclosure for this sale can be found here. Insiders have sold a total of 3,808 shares of company stock valued at $134,065 over the last three months. Company insiders own 0.96% of the company’s stock.

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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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