Spirit of America Management Corp NY Sells 1,000 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Spirit of America Management Corp NY cut its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 6.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,765 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Spirit of America Management Corp NY’s holdings in Blackstone Mortgage Trust were worth $274,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Artemis Investment Management LLP bought a new stake in shares of Blackstone Mortgage Trust in the third quarter worth about $24,103,000. GFS Advisors LLC raised its holdings in Blackstone Mortgage Trust by 9,068.6% in the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after purchasing an additional 453,430 shares in the last quarter. Dupree Financial Group LLC lifted its position in Blackstone Mortgage Trust by 98.8% during the third quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock valued at $5,200,000 after buying an additional 135,963 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 167.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock valued at $3,289,000 after buying an additional 108,409 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $1,937,000. 64.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BXMT shares. Keefe, Bruyette & Woods reduced their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.14.

Blackstone Mortgage Trust Stock Performance

BXMT opened at $18.64 on Thursday. The company’s 50-day simple moving average is $18.24 and its two-hundred day simple moving average is $18.34. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $20.73.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 10.09%. Blackstone Mortgage Trust’s dividend payout ratio is presently -135.25%.

Blackstone Mortgage Trust Profile

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.