AlphaQuest LLC Has $1.05 Million Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

AlphaQuest LLC boosted its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 219.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,368 shares of the real estate investment trust’s stock after buying an additional 41,461 shares during the period. AlphaQuest LLC’s holdings in Blackstone Mortgage Trust were worth $1,051,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Blackstone Mortgage Trust by 5.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock valued at $44,134,000 after purchasing an additional 121,633 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Blackstone Mortgage Trust by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 838,973 shares of the real estate investment trust’s stock valued at $14,607,000 after purchasing an additional 20,487 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Blackstone Mortgage Trust by 1.4% in the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock valued at $11,319,000 after purchasing an additional 8,444 shares during the last quarter. GFS Advisors LLC raised its holdings in shares of Blackstone Mortgage Trust by 11.5% in the fourth quarter. GFS Advisors LLC now owns 511,180 shares of the real estate investment trust’s stock valued at $8,900,000 after purchasing an additional 52,750 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Blackstone Mortgage Trust by 2.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 367,806 shares of the real estate investment trust’s stock valued at $6,992,000 after purchasing an additional 7,732 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

BXMT opened at $20.34 on Tuesday. The firm has a market cap of $3.49 billion, a P/E ratio of -17.38 and a beta of 1.52. The firm has a 50-day moving average of $18.88 and a 200 day moving average of $18.72. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $21.09.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. Equities research analysts predict that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.24%. Blackstone Mortgage Trust’s dividend payout ratio is presently -160.68%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BXMT shares. JPMorgan Chase & Co. increased their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Wednesday, December 11th. UBS Group increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and an average price target of $20.67.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,323 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $20.70, for a total transaction of $48,086.10. Following the completion of the transaction, the chief executive officer now owns 248,487 shares in the company, valued at $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,345 shares of company stock worth $68,265 over the last quarter. 0.93% of the stock is currently owned by company insiders.

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.