Dupree Financial Group LLC Purchases 135,963 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Dupree Financial Group LLC raised its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 98.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,560 shares of the real estate investment trust’s stock after acquiring an additional 135,963 shares during the quarter. Blackstone Mortgage Trust makes up about 2.1% of Dupree Financial Group LLC’s investment portfolio, making the stock its 18th biggest position. Dupree Financial Group LLC owned about 0.16% of Blackstone Mortgage Trust worth $5,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Blackstone Mortgage Trust during the third quarter worth about $1,695,000. Everence Capital Management Inc. bought a new position in Blackstone Mortgage Trust in the 3rd quarter worth approximately $466,000. True North Advisors LLC grew its holdings in Blackstone Mortgage Trust by 2.7% during the 3rd quarter. True North Advisors LLC now owns 23,435 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 619 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $95,000. Finally, Artemis Investment Management LLP purchased a new position in shares of Blackstone Mortgage Trust in the third quarter worth $24,103,000. 64.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan acquired 16,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $17.16 per share, for a total transaction of $274,560.00. Following the acquisition, the chief executive officer now directly owns 198,960 shares in the company, valued at $3,414,153.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Katharine A. Keenan acquired 16,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $17.16 per share, for a total transaction of $274,560.00. Following the acquisition, the chief executive officer now directly owns 198,960 shares of the company’s stock, valued at $3,414,153.60. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Henry N. Nassau bought 10,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $17.52 per share, for a total transaction of $175,200.00. Following the completion of the purchase, the director now directly owns 165,557 shares in the company, valued at approximately $2,900,558.64. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 83,050 shares of company stock worth $1,448,135 and sold 1,495 shares worth $27,899. Company insiders own 0.93% of the company’s stock.

Blackstone Mortgage Trust Trading Down 0.3 %

BXMT opened at $18.61 on Wednesday. The stock has a 50-day moving average of $18.52 and a 200 day moving average of $18.16. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $23.29. The firm has a market cap of $3.23 billion, a P/E ratio of -20.67 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT) last released its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. Blackstone Mortgage Trust had a positive return on equity of 10.16% and a negative net margin of 7.98%. The firm had revenue of $466.15 million for the quarter, compared to the consensus estimate of $131.87 million. During the same quarter in the previous year, the company posted $0.75 EPS. On average, research analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

Blackstone Mortgage Trust announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 24th that permits the company to repurchase $150.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

BXMT has been the subject of several research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Tuesday, July 23rd. BTIG Research reaffirmed a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a report on Friday, July 19th. Wolfe Research assumed coverage on Blackstone Mortgage Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company lifted their price objective on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.08.

About Blackstone Mortgage Trust

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.