Renaissance Technologies LLC Has $18.11 Million Holdings in Blackstone Mortgage Trust (NYSE:BXMT)

Renaissance Technologies LLC lifted its position in Blackstone Mortgage Trust (NYSE:BXMT) by 97.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 562,680 shares of the real estate investment trust’s stock after acquiring an additional 277,701 shares during the quarter. Renaissance Technologies LLC owned 0.53% of Blackstone Mortgage Trust worth $18,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Blackstone Mortgage Trust by 15.6% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 310,422 shares of the real estate investment trust’s stock worth $9,990,000 after acquiring an additional 41,818 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Blackstone Mortgage Trust by 29.0% in the 4th quarter. Teacher Retirement System of Texas now owns 108,215 shares of the real estate investment trust’s stock worth $3,482,000 after acquiring an additional 24,333 shares in the last quarter. Neville Rodie & Shaw Inc. grew its position in shares of Blackstone Mortgage Trust by 2.3% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 256,560 shares of the real estate investment trust’s stock worth $8,256,000 after acquiring an additional 5,682 shares in the last quarter. Swiss National Bank grew its position in shares of Blackstone Mortgage Trust by 14.2% in the 4th quarter. Swiss National Bank now owns 171,400 shares of the real estate investment trust’s stock worth $5,516,000 after acquiring an additional 21,300 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of Blackstone Mortgage Trust by 3.7% in the 4th quarter. California Public Employees Retirement System now owns 164,672 shares of the real estate investment trust’s stock worth $5,299,000 after acquiring an additional 5,951 shares in the last quarter. Institutional investors own 61.16% of the company’s stock.

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NYSE:BXMT traded down $0.15 during midday trading on Friday, reaching $30.65. 544,323 shares of the company traded hands, compared to its average volume of 893,302. Blackstone Mortgage Trust has a twelve month low of $29.51 and a twelve month high of $33.08. The firm has a market capitalization of $3,354.02, a P/E ratio of 13.27, a P/E/G ratio of 2.58 and a beta of 0.44.

Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Blackstone Mortgage Trust had a return on equity of 8.47% and a net margin of 53.86%. The business had revenue of $80.17 million during the quarter, compared to analyst estimates of $77.97 million. sell-side analysts forecast that Blackstone Mortgage Trust will post 2.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $2.48 dividend on an annualized basis and a yield of 8.09%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 107.36%.

Several research analysts have recently commented on the company. B. Riley set a $33.00 target price on Blackstone Mortgage Trust and gave the stock a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Raymond James started coverage on Blackstone Mortgage Trust in a research report on Tuesday, March 27th. They set a “market perform” rating for the company. Finally, JPMorgan Chase lowered Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 6th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.60.

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About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.

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

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