108,146 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Bought by TCG Advisory Services LLC

TCG Advisory Services LLC purchased a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 108,146 shares of the real estate investment trust’s stock, valued at approximately $2,300,000. TCG Advisory Services LLC owned approximately 0.06% of Blackstone Mortgage Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in Blackstone Mortgage Trust by 35.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,096,198 shares of the real estate investment trust’s stock valued at $23,316,000 after buying an additional 289,643 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $1,136,000. Ibex Wealth Advisors acquired a new position in shares of Blackstone Mortgage Trust during the third quarter worth approximately $4,716,000. Vanguard Group Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 15.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock worth $405,492,000 after purchasing an additional 2,470,412 shares in the last quarter. Finally, Jump Financial LLC grew its position in Blackstone Mortgage Trust by 124.8% in the 3rd quarter. Jump Financial LLC now owns 78,673 shares of the real estate investment trust’s stock valued at $1,711,000 after purchasing an additional 43,673 shares during the period. 64.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Katharine A. Keenan sold 2,274 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $20.42, for a total transaction of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at approximately $3,967,565.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $20.42, for a total value of $46,435.08. Following the sale, the chief executive officer now directly owns 194,298 shares in the company, valued at $3,967,565.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Katharine A. Keenan sold 2,275 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,540 shares of company stock valued at $112,642. 1.02% of the stock is owned by insiders.

Blackstone Mortgage Trust Stock Down 0.1 %

Blackstone Mortgage Trust stock traded down $0.01 during mid-day trading on Friday, reaching $17.99. 1,837,347 shares of the company’s stock were exchanged, compared to its average volume of 2,312,051. The business’s fifty day simple moving average is $19.33 and its 200 day simple moving average is $20.47. Blackstone Mortgage Trust, Inc. has a one year low of $16.83 and a one year high of $23.82. The firm has a market capitalization of $3.12 billion, a PE ratio of 599.67 and a beta of 1.44.

Blackstone Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 13.79%. The ex-dividend date was Wednesday, March 27th. Blackstone Mortgage Trust’s payout ratio is 8,266.67%.

Analysts Set New Price Targets

A number of research firms have weighed in on BXMT. JPMorgan Chase & Co. dropped their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Keefe, Bruyette & Woods cut their price target on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a research note on Friday, April 26th. Bank of America lowered Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $21.00 in a report on Monday, March 4th. UBS Group decreased their price target on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday, April 25th. Finally, Wells Fargo & Company dropped their price objective on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $19.93.

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 originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.