Diversify Wealth Management LLC Makes New $876,000 Investment in Blackstone Mortgage Trust, Inc. $BXMT

Diversify Wealth Management LLC purchased a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,928 shares of the real estate investment trust’s stock, valued at approximately $876,000.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Blackstone Mortgage Trust by 45.5% in the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 536 shares in the last quarter. ORG Partners LLC acquired a new stake in Blackstone Mortgage Trust in the fourth quarter worth about $41,000. Ascentis Independent Advisors bought a new position in Blackstone Mortgage Trust in the 1st quarter valued at about $41,000. UMB Bank n.a. grew its position in Blackstone Mortgage Trust by 151.1% in the 4th quarter. UMB Bank n.a. now owns 2,172 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,307 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Blackstone Mortgage Trust during the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 1.6%

Shares of BXMT stock opened at $17.39 on Friday. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.72 and a 1-year high of $20.67. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 28.52 and a beta of 0.90. The stock’s fifty day simple moving average is $17.86 and its 200-day simple moving average is $18.82.

Blackstone Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.8%. The ex-dividend date was Tuesday, June 30th. Blackstone Mortgage Trust’s payout ratio is 308.20%.

Insider Transactions at Blackstone Mortgage Trust

In other news, President Fernando Austin Pena sold 1,670 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $17.07, for a total value of $28,506.90. Following the completion of the sale, the president directly owned 72,899 shares in the company, valued at approximately $1,244,385.93. The trade was a 2.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 5,420 shares of company stock worth $95,233 over the last three months. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group began coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $21.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Zacks Research cut Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings downgraded Blackstone Mortgage Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. Finally, Keefe, Bruyette & Woods cut their price objective on Blackstone Mortgage Trust from $20.50 to $20.00 and set an “outperform” rating for the company in a report on Friday, June 26th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Blackstone Mortgage Trust presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Blackstone Mortgage Trust Profile

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.