Private Capital Advisors Inc. raised its stake in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 171,339 shares of the real estate investment trust’s stock after buying an additional 11,051 shares during the period. Blackstone Mortgage Trust comprises approximately 1.8% of Private Capital Advisors Inc.’s holdings, making the stock its 19th largest position. Private Capital Advisors Inc. owned approximately 0.14% of Blackstone Mortgage Trust worth $5,315,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in Blackstone Mortgage Trust during the 2nd quarter valued at $101,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 1st quarter worth $141,000. Qube Research & Technologies Ltd purchased a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter worth $143,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter worth $157,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Blackstone Mortgage Trust in the 1st quarter worth $182,000. Institutional investors and hedge funds own 62.21% of the company’s stock.
In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 803 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $34.00, for a total value of $27,302.00. Following the completion of the sale, the treasurer now owns 62,196 shares in the company, valued at approximately $2,114,664. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,253 shares of company stock valued at $75,462 in the last quarter. 0.96% of the stock is currently owned by company insiders.
Shares of NYSE:BXMT traded up $0.05 during midday trading on Friday, hitting $32.31. The company had a trading volume of 1,034,000 shares, compared to its average volume of 960,410. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 2.62 and a beta of 0.47. Blackstone Mortgage Trust Inc has a 12-month low of $29.51 and a 12-month high of $34.58.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.24. Blackstone Mortgage Trust had a return on equity of 9.24% and a net margin of 49.22%. The business had revenue of $103.75 million during the quarter, compared to analyst estimates of $89.07 million. During the same quarter in the prior year, the business posted $0.60 EPS. Blackstone Mortgage Trust’s revenue for the quarter was up 43.1% compared to the same quarter last year. Research analysts anticipate that Blackstone Mortgage Trust Inc will post 2.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.48 dividend on an annualized basis and a yield of 7.68%. Blackstone Mortgage Trust’s payout ratio is presently 107.36%.
Several equities research analysts have recently commented on BXMT shares. Zacks Investment Research upgraded Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, August 14th. Citigroup started coverage on Blackstone Mortgage Trust in a research note on Friday. They issued a “neutral” rating and a $33.00 price objective for the company. Credit Suisse Group upped their price objective on Blackstone Mortgage Trust from $33.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 21st. Finally, BTIG Research started coverage on Blackstone Mortgage Trust in a research note on Monday. They issued a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Blackstone Mortgage Trust has an average rating of “Hold” and an average target price of $34.20.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. 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.
Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.