Nomura Asset Management Co. Ltd. raised its position in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 31.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,370 shares of the real estate investment trust’s stock after acquiring an additional 14,200 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Blackstone Mortgage Trust were worth $2,112,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Dana Investment Advisors Inc. bought a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter valued at approximately $2,226,000. HighTower Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 1.3% in the 2nd quarter. HighTower Advisors LLC now owns 29,835 shares of the real estate investment trust’s stock valued at $1,063,000 after purchasing an additional 392 shares during the period. United Capital Financial Advisers LLC grew its stake in shares of Blackstone Mortgage Trust by 14.3% in the 2nd quarter. United Capital Financial Advisers LLC now owns 300,882 shares of the real estate investment trust’s stock valued at $10,705,000 after purchasing an additional 37,750 shares during the period. Profund Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 23.5% in the 2nd quarter. Profund Advisors LLC now owns 10,993 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 2,094 shares during the period. Finally, Providence Capital Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 2.8% in the 2nd quarter. Providence Capital Advisors LLC now owns 34,462 shares of the real estate investment trust’s stock valued at $1,226,000 after purchasing an additional 929 shares during the period. 59.02% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on BXMT. Zacks Investment Research lowered Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Monday, August 26th. ValuEngine lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Blackstone Mortgage Trust has a consensus rating of “Hold” and an average target price of $35.83.
Shares of BXMT stock traded up $0.22 during trading hours on Thursday, hitting $36.49. The company had a trading volume of 11,257 shares, compared to its average volume of 685,325. Blackstone Mortgage Trust Inc has a 12 month low of $30.84 and a 12 month high of $36.77. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.93 and a beta of 0.53. The firm’s fifty day moving average is $35.29 and its 200 day moving average is $35.36.
Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Blackstone Mortgage Trust had a return on equity of 9.06% and a net margin of 46.31%. The company had revenue of $106.48 million for the quarter, compared to analyst estimates of $103.55 million. During the same period in the prior year, the company posted $0.83 EPS. The company’s revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect that Blackstone Mortgage Trust Inc will post 2.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.48 annualized dividend and a dividend yield of 6.80%. Blackstone Mortgage Trust’s dividend payout ratio is currently 93.58%.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. 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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