Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,769 shares of the real estate investment trust’s stock after acquiring an additional 3,410 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Blackstone Mortgage Trust were worth $697,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its holdings in Blackstone Mortgage Trust by 0.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 54,350 shares of the real estate investment trust’s stock valued at $1,504,000 after acquiring an additional 389 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of Blackstone Mortgage Trust by 4.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 10,753 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 487 shares during the period. MBM Wealth Consultants LLC raised its stake in shares of Blackstone Mortgage Trust by 5.2% during the 3rd quarter. MBM Wealth Consultants LLC now owns 12,490 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 615 shares during the period. Arizona State Retirement System raised its stake in shares of Blackstone Mortgage Trust by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 46,602 shares of the real estate investment trust’s stock worth $1,014,000 after buying an additional 630 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Blackstone Mortgage Trust by 5.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 13,000 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 700 shares during the period. 64.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BXMT has been the subject of several research analyst reports. UBS Group reduced their target price on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. BTIG Research reduced their target price on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “neutral” rating for the company in a research note on Wednesday, April 10th. Bank of America downgraded Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Finally, Keefe, Bruyette & Woods reduced their price objective on Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research note on Wednesday, April 10th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.83.

Blackstone Mortgage Trust Stock Performance

NYSE BXMT opened at $18.23 on Thursday. The business has a fifty day moving average price of $19.58 and a 200 day moving average price of $20.70. The company has a market cap of $3.17 billion, a P/E ratio of 12.93 and a beta of 1.42. Blackstone Mortgage Trust, Inc. has a one year low of $16.83 and a one year high of $23.82.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 13.60%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust’s payout ratio is currently 175.89%.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the sale, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the sale, the chief executive officer now directly owns 194,298 shares in the company, valued at approximately $3,967,565.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the sale, the chief executive officer now owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The disclosure for this sale can be found here. Insiders sold a total of 5,540 shares of company stock worth $112,642 in the last three months. 1.02% of the stock is owned by corporate insiders.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.