Blackstone Mortgage Trust, Inc. $BXMT Shares Bought by Condor Capital Management

Condor Capital Management grew its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 293,843 shares of the real estate investment trust’s stock after purchasing an additional 85,004 shares during the quarter. Condor Capital Management owned approximately 0.18% of Blackstone Mortgage Trust worth $5,621,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BXMT. Jones Financial Companies Lllp boosted its position in Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 536 shares during the period. Arizona State Retirement System increased its position in Blackstone Mortgage Trust by 1.4% in the third quarter. Arizona State Retirement System now owns 48,234 shares of the real estate investment trust’s stock worth $888,000 after buying an additional 660 shares during the period. Naples Global Advisors LLC increased its position in Blackstone Mortgage Trust by 4.3% in the third quarter. Naples Global Advisors LLC now owns 19,475 shares of the real estate investment trust’s stock worth $361,000 after buying an additional 800 shares during the period. California Public Employees Retirement System lifted its stake in Blackstone Mortgage Trust by 0.4% in the third quarter. California Public Employees Retirement System now owns 249,450 shares of the real estate investment trust’s stock valued at $4,592,000 after buying an additional 976 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Blackstone Mortgage Trust by 21.1% in the third quarter. Smartleaf Asset Management LLC now owns 5,623 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 978 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. cut their price objective on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Keefe, Bruyette & Woods boosted their target price on shares of Blackstone Mortgage Trust from $21.00 to $21.50 and gave the company an “outperform” rating in a research note on Thursday, February 12th. BTIG Research restated a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Blackstone Mortgage Trust in a research note on Monday, May 11th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Blackstone Mortgage Trust Price Performance

NYSE BXMT opened at $17.98 on Friday. The company’s 50 day simple moving average is $19.03 and its 200 day simple moving average is $19.25. Blackstone Mortgage Trust, Inc. has a 12 month low of $17.67 and a 12 month high of $20.67. The company has a market capitalization of $3.03 billion, a P/E ratio of 29.47 and a beta of 0.92.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 10.5%. Blackstone Mortgage Trust’s dividend payout ratio is currently 308.20%.

Insider Activity at Blackstone Mortgage Trust

In other news, President Fernando Austin Pena sold 1,666 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $18.88, for a total transaction of $31,454.08. Following the completion of the sale, the president directly owned 76,967 shares of the company’s stock, valued at $1,453,136.96. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.18% of the company’s stock.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.