Glassy Mountain Advisors Inc. Has $978,000 Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Glassy Mountain Advisors Inc. trimmed its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 56,151 shares of the real estate investment trust’s stock after selling 5,294 shares during the period. Glassy Mountain Advisors Inc.’s holdings in Blackstone Mortgage Trust were worth $978,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. True North Advisors LLC boosted its stake in shares of 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 in the last quarter. AQR Capital Management LLC boosted its stake in shares of Blackstone Mortgage Trust by 2.5% during the second quarter. AQR Capital Management LLC now owns 44,940 shares of the real estate investment trust’s stock valued at $783,000 after purchasing an additional 1,111 shares in the last quarter. MBM Wealth Consultants LLC boosted its stake in shares of Blackstone Mortgage Trust by 9.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 1,208 shares in the last quarter. FMR LLC boosted its stake in shares of Blackstone Mortgage Trust by 11.4% during the third quarter. FMR LLC now owns 17,812 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at about $39,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BXMT. JPMorgan Chase & Co. cut their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods cut their price objective on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating on the stock in a research note on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.14.

Blackstone Mortgage Trust Trading Up 1.3 %

Shares of BXMT stock opened at $18.87 on Friday. The stock has a 50 day simple moving average of $18.23 and a two-hundred day simple moving average of $18.34. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $20.73.

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 issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.96%. Blackstone Mortgage Trust’s payout ratio is currently -135.25%.

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.