KAMES CAPITAL plc Grows Stake in Blackstone Mortgage Trust Inc (BXMT)

KAMES CAPITAL plc lifted its stake in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 4.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,762 shares of the real estate investment trust’s stock after purchasing an additional 9,260 shares during the period. KAMES CAPITAL plc owned about 0.19% of Blackstone Mortgage Trust worth $6,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BXMT. Delphi Financial Group Inc. purchased a new stake in shares of Blackstone Mortgage Trust during the first quarter worth about $16,910,000. Boston Partners increased its stake in shares of Blackstone Mortgage Trust by 52.8% during the first quarter. Boston Partners now owns 1,273,555 shares of the real estate investment trust’s stock worth $40,016,000 after purchasing an additional 440,102 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth about $12,328,000. Renaissance Technologies LLC increased its stake in shares of Blackstone Mortgage Trust by 97.4% during the fourth quarter. Renaissance Technologies LLC now owns 562,680 shares of the real estate investment trust’s stock worth $18,107,000 after purchasing an additional 277,701 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Blackstone Mortgage Trust by 155.4% during the fourth quarter. Two Sigma Investments LP now owns 420,561 shares of the real estate investment trust’s stock worth $13,534,000 after purchasing an additional 255,920 shares in the last quarter. 59.29% of the stock is owned by institutional investors and hedge funds.

BXMT has been the subject of a number of research reports. JPMorgan Chase cut shares of Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 6th. Raymond James initiated coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday, March 27th. They set a “market perform” rating for the company. Zacks Investment Research cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. ValuEngine cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, B. Riley set a $33.00 target price on shares of Blackstone Mortgage Trust and gave the stock a “buy” rating in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.25.

Shares of Blackstone Mortgage Trust opened at $31.55 on Monday, according to Marketbeat.com. Blackstone Mortgage Trust Inc has a 12-month low of $29.51 and a 12-month high of $33.08. The stock has a market cap of $3.41 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.47.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. Blackstone Mortgage Trust had a net margin of 51.52% and a return on equity of 8.50%. The company had revenue of $85.44 million during the quarter, compared to analysts’ expectations of $88.37 million. During the same quarter in the prior year, the company earned $0.61 EPS. equities analysts expect that Blackstone Mortgage Trust Inc will post 2.37 earnings per share for the current year.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

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

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