Whipplewood Advisors LLC Acquires Shares of 10,595 Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Whipplewood Advisors LLC acquired a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,595 shares of the real estate investment trust’s stock, valued at approximately $184,000.

Several other institutional investors have also bought and sold shares of the business. True North Advisors LLC lifted its position in Blackstone Mortgage Trust by 2.4% during the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 558 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Blackstone Mortgage Trust by 1.7% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 624 shares during the period. CIBC Asset Management Inc raised its stake in shares of Blackstone Mortgage Trust by 4.9% in the fourth quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 785 shares during the period. IFP Advisors Inc raised its stake in shares of Blackstone Mortgage Trust by 9.1% in the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 841 shares during the period. Finally, Principal Securities Inc. raised its stake in shares of Blackstone Mortgage Trust by 7.6% in the fourth quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 1,007 shares during the period. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

BXMT stock opened at $20.45 on Friday. The company has a market capitalization of $3.51 billion, a PE ratio of -17.48 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $21.09. The firm’s 50-day moving average is $18.57 and its 200 day moving average is $18.57.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. Sell-side analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -160.68%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research note on Thursday, February 13th. UBS Group increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a research note on Tuesday. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Blackstone Mortgage Trust currently has an average rating of “Hold” and an average price target of $20.71.

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.