MADDEN SECURITIES Corp Has $4.34 Million Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

MADDEN SECURITIES Corp boosted its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMTFree Report) by 4.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 217,886 shares of the real estate investment trust’s stock after acquiring an additional 8,654 shares during the period. Blackstone Mortgage Trust comprises 2.0% of MADDEN SECURITIES Corp’s holdings, making the stock its 16th biggest position. MADDEN SECURITIES Corp’s holdings in Blackstone Mortgage Trust were worth $4,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Central Bank & Trust Co. bought a new position in Blackstone Mortgage Trust in the 4th quarter valued at about $25,000. Cape Investment Advisory Inc. bought a new position in Blackstone Mortgage Trust in the 4th quarter valued at about $42,000. GAMMA Investing LLC bought a new position in Blackstone Mortgage Trust in the 4th quarter valued at about $45,000. Creekmur Asset Management LLC bought a new position in Blackstone Mortgage Trust in the 4th quarter valued at about $51,000. Finally, Sandy Spring Bank increased its holdings in Blackstone Mortgage Trust by 10,652.0% in the 4th quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 2,663 shares during the period. Institutional investors and hedge funds own 64.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on BXMT shares. Bank of America lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their target price for the company from $22.00 to $21.00 in a report on Monday, March 4th. Wells Fargo & Company decreased their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $18.00 price target on shares of Blackstone Mortgage Trust in a report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Finally, UBS Group decreased their price target on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.93.

View Our Latest Research Report on BXMT

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,508 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $17.53, for a total transaction of $79,025.24. Following the sale, the chief executive officer now directly owns 182,960 shares of the company’s stock, valued at approximately $3,207,288.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 4,508 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $17.53, for a total transaction of $79,025.24. Following the sale, the chief executive officer now directly owns 182,960 shares of the company’s stock, valued at approximately $3,207,288.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 2,296 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $17.04, for a total transaction of $39,123.84. Following the completion of the transaction, the chief executive officer now owns 187,468 shares in the company, valued at approximately $3,194,454.72. The disclosure for this sale can be found here. Insiders have sold 11,057 shares of company stock valued at $191,141 in the last ninety days. 0.93% of the stock is currently owned by insiders.

Blackstone Mortgage Trust Stock Performance

Shares of Blackstone Mortgage Trust stock traded up $0.02 during midday trading on Thursday, hitting $17.95. 2,012,054 shares of the company traded hands, compared to its average volume of 2,068,321. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.70 and a 12 month high of $23.82. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 599.33 and a beta of 1.47. The firm’s fifty day moving average price is $17.85 and its 200-day moving average price is $19.59.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 13.82%. The ex-dividend date is Friday, June 28th. Blackstone Mortgage Trust’s payout ratio is 8,266.67%.

Blackstone Mortgage Trust Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding BXMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Mortgage Trust, Inc. (NYSE:BXMTFree Report).

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

Receive News & Ratings for Blackstone Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackstone Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.