PYA Waltman Capital LLC raised its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 231,471 shares of the real estate investment trust’s stock after acquiring an additional 12,636 shares during the period. Blackstone Mortgage Trust makes up about 3.6% of PYA Waltman Capital LLC’s portfolio, making the stock its 10th biggest position. PYA Waltman Capital LLC owned about 0.14% of Blackstone Mortgage Trust worth $7,358,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BXMT. DekaBank Deutsche Girozentrale acquired a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $25,000. Nauset Wealth Management. LLC acquired a new stake in Blackstone Mortgage Trust during the first quarter valued at $31,000. MBM Wealth Consultants LLC purchased a new position in Blackstone Mortgage Trust in the fourth quarter valued at $52,000. Covestor Ltd acquired a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth about $60,000. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth about $67,000. Institutional investors and hedge funds own 55.13% of the company’s stock.
Blackstone Mortgage Trust Stock Down 0.3 %
BXMT opened at $30.26 on Friday. The firm’s fifty day simple moving average is $29.13 and its two-hundred day simple moving average is $30.48. Blackstone Mortgage Trust, Inc. has a 52-week low of $25.99 and a 52-week high of $34.04. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 12.40 and a beta of 1.23.
Blackstone Mortgage Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $2.48 annualized dividend and a yield of 8.20%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 101.64%.
Insider Transactions at Blackstone Mortgage Trust
In related news, CEO Katharine A. Keenan sold 1,013 shares of the business’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $27.50, for a total transaction of $27,857.50. Following the transaction, the chief executive officer now directly owns 124,299 shares in the company, valued at $3,418,222.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Leonard W. Cotton acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was purchased at an average cost of $27.78 per share, for a total transaction of $138,900.00. Following the completion of the transaction, the director now owns 47,955 shares in the company, valued at $1,332,189.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 1,013 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $27.50, for a total transaction of $27,857.50. Following the sale, the chief executive officer now directly owns 124,299 shares in the company, valued at approximately $3,418,222.50. The disclosure for this sale can be found here. Insiders sold 11,162 shares of company stock valued at $340,338 over the last 90 days. 1.06% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Separately, Credit Suisse Group reduced their price target on Blackstone Mortgage Trust to $30.00 in a report on Friday, July 22nd.
Blackstone Mortgage Trust Company 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 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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