Flagship Harbor Advisors LLC Boosts Holdings in Blackstone Mortgage Trust Inc (BXMT)

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Flagship Harbor Advisors LLC grew its stake in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 57.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,258 shares of the real estate investment trust’s stock after buying an additional 820 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $71,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Commonwealth Bank of Australia bought a new stake in shares of Blackstone Mortgage Trust in the third quarter worth $264,000. Voya Investment Management LLC bought a new stake in shares of Blackstone Mortgage Trust in the second quarter worth $1,140,000. Botty Investors LLC grew its stake in shares of Blackstone Mortgage Trust by 2.4% in the third quarter. Botty Investors LLC now owns 329,341 shares of the real estate investment trust’s stock worth $11,240,000 after purchasing an additional 7,695 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Blackstone Mortgage Trust by 29.7% in the third quarter. Mackenzie Financial Corp now owns 20,165 shares of the real estate investment trust’s stock worth $676,000 after purchasing an additional 4,615 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 55.8% in the third quarter. MetLife Investment Advisors LLC now owns 76,171 shares of the real estate investment trust’s stock worth $2,552,000 after purchasing an additional 27,276 shares during the last quarter. 63.78% of the stock is currently owned by hedge funds and other institutional investors.

In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 806 shares of the company’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $34.93, for a total transaction of $28,153.58. Following the sale, the treasurer now owns 79,481 shares of the company’s stock, valued at $2,776,271.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anthony F. Marone, Jr. sold 1,055 shares of the company’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $34.83, for a total transaction of $36,745.65. Following the sale, the chief financial officer now directly owns 30,623 shares in the company, valued at approximately $1,066,599.09. The disclosure for this sale can be found here. Insiders have sold 7,211 shares of company stock worth $251,423 in the last ninety days. Insiders own 0.96% of the company’s stock.

BXMT has been the topic of several analyst reports. TheStreet raised shares of Blackstone Mortgage Trust from a “c+” rating to a “b+” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Friday, October 26th. ValuEngine raised shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Deutsche Bank raised shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Blackstone Mortgage Trust currently has a consensus rating of “Hold” and an average target price of $34.25.

Shares of BXMT opened at $34.32 on Monday. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.73 and a beta of 0.58. Blackstone Mortgage Trust Inc has a 12 month low of $29.51 and a 12 month high of $35.70.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $2.48 dividend on an annualized basis and a yield of 7.23%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is currently 107.36%.

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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 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.

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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