Vanguard Group Inc. Has $371.31 Million Stake in Blackstone Mortgage Trust Inc (BXMT)

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Vanguard Group Inc. grew its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 11.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,080,478 shares of the real estate investment trust’s stock after purchasing an additional 1,142,710 shares during the period. Vanguard Group Inc. owned approximately 9.16% of Blackstone Mortgage Trust worth $371,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. MML Investors Services LLC grew its position in Blackstone Mortgage Trust by 22.5% during the 3rd quarter. MML Investors Services LLC now owns 7,921 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 1,456 shares during the last quarter. Pinnacle Financial Partners Inc. grew its position in Blackstone Mortgage Trust by 22.9% during the 3rd quarter. Pinnacle Financial Partners Inc. now owns 12,016 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 2,240 shares during the last quarter. Round Table Services LLC grew its position in Blackstone Mortgage Trust by 35.0% during the 3rd quarter. Round Table Services LLC now owns 9,500 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 2,465 shares during the last quarter. United Services Automobile Association grew its position in Blackstone Mortgage Trust by 15.3% during the 3rd quarter. United Services Automobile Association now owns 18,813 shares of the real estate investment trust’s stock worth $630,000 after acquiring an additional 2,499 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Blackstone Mortgage Trust by 32.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 12,153 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 3,011 shares during the last quarter. Institutional investors own 64.12% of the company’s stock.

In other news, Director Leonard W. Cotton acquired 3,000 shares of Blackstone Mortgage Trust stock in a transaction on Wednesday, October 31st. The shares were purchased at an average price of $33.87 per share, with a total value of $101,610.00. Following the acquisition, the director now owns 19,074 shares in the company, valued at $646,036.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Treasurer Douglas N. Armer sold 909 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $34.84, for a total value of $31,669.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,211 shares of company stock worth $251,423. Company insiders own 0.96% of the company’s stock.

NYSE:BXMT opened at $32.78 on Friday. Blackstone Mortgage Trust Inc has a 52-week low of $29.51 and a 52-week high of $35.70. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 2.59 and a beta of 0.51.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. Blackstone Mortgage Trust had a return on equity of 9.36% and a net margin of 50.60%. The firm had revenue of $105.15 million for the quarter, compared to the consensus estimate of $97.06 million. During the same quarter in the prior year, the business earned $0.69 EPS. Equities analysts expect that Blackstone Mortgage Trust Inc will post 2.64 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend is Friday, December 28th. Blackstone Mortgage Trust’s dividend payout ratio is 107.36%.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Thursday, November 29th. TheStreet upgraded Blackstone Mortgage Trust from a “c+” rating to a “b+” rating in a research report on Wednesday, October 31st. Finally, ValuEngine upgraded Blackstone Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $34.25.

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Blackstone Mortgage Trust 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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