Blackstone Mortgage Trust Inc (BXMT) Shares Sold by Creative Planning

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Creative Planning lessened its position in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 7.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,050 shares of the real estate investment trust’s stock after selling 1,975 shares during the quarter. Creative Planning’s holdings in Blackstone Mortgage Trust were worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 11,080,478 shares of the real estate investment trust’s stock worth $371,306,000 after purchasing an additional 1,142,710 shares during the period. Vanguard Group Inc boosted its holdings in shares of Blackstone Mortgage Trust by 11.5% in the 3rd quarter. Vanguard Group Inc now owns 11,080,478 shares of the real estate investment trust’s stock worth $371,306,000 after purchasing an additional 1,142,710 shares during the period. Blackstone Group L.P. boosted its holdings in shares of Blackstone Mortgage Trust by 1.3% in the 3rd quarter. Blackstone Group L.P. now owns 5,052,288 shares of the real estate investment trust’s stock worth $169,302,000 after purchasing an additional 64,575 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Blackstone Mortgage Trust by 42.8% in the 3rd quarter. Acadian Asset Management LLC now owns 959,654 shares of the real estate investment trust’s stock worth $32,159,000 after purchasing an additional 287,566 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Blackstone Mortgage Trust by 61.2% in the 2nd quarter. Northern Trust Corp now owns 560,223 shares of the real estate investment trust’s stock worth $17,607,000 after purchasing an additional 212,593 shares during the period. Institutional investors and hedge funds own 63.76% of the company’s stock.

In related news, Treasurer Douglas N. Armer sold 3,211 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $34.87, for a total transaction of $111,967.57. Following the completion of the sale, the treasurer now directly owns 76,270 shares of the company’s stock, valued at approximately $2,659,534.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Anthony F. Marone, Jr. sold 1,055 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $34.83, for a total value of $36,745.65. Following the sale, the chief financial officer now directly owns 30,623 shares of the company’s stock, valued at $1,066,599.09. The disclosure for this sale can be found here. Insiders have sold a total of 6,865 shares of company stock valued at $239,077 over the last three months. 0.96% of the stock is owned by corporate insiders.

Shares of BXMT stock opened at $34.19 on Thursday. Blackstone Mortgage Trust Inc has a 52-week low of $30.14 and a 52-week high of $35.70. The company has a market cap of $4.18 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 2.75 and a beta of 0.58.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.07. Blackstone Mortgage Trust had a return on equity of 9.36% and a net margin of 50.60%. The firm had revenue of $102.15 million during the quarter, compared to analyst estimates of $95.88 million. During the same period last year, the company earned $0.65 EPS. Blackstone Mortgage Trust’s quarterly revenue was up 27.4% compared to the same quarter last year. On average, analysts anticipate that Blackstone Mortgage Trust Inc will post 2.64 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend was Friday, December 28th. Blackstone Mortgage Trust’s dividend payout ratio is currently 107.36%.

A number of equities analysts have recently commented on the company. Zacks Investment Research cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Monday, October 29th. ValuEngine cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Deutsche Bank cut Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $35.00 to $34.50 in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Blackstone Mortgage Trust has an average rating of “Hold” and a consensus target price of $34.30.

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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.

Further Reading: What are no-load funds?

Want to see what other hedge funds are holding BXMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blackstone Mortgage Trust Inc (NYSE:BXMT).

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

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