Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Acquired by GFS Advisors LLC

GFS Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 511,180 shares of the real estate investment trust’s stock after purchasing an additional 52,750 shares during the quarter. Blackstone Mortgage Trust makes up approximately 1.4% of GFS Advisors LLC’s holdings, making the stock its 26th largest position. GFS Advisors LLC owned approximately 0.30% of Blackstone Mortgage Trust worth $8,900,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $39,000. McIlrath & Eck LLC acquired a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at approximately $63,000. Future Financial Wealth Managment LLC bought a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at $95,000. KBC Group NV boosted its position in Blackstone Mortgage Trust by 39.3% during the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,145 shares during the period. Finally, Diversify Advisory Services LLC bought a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth $172,000. 64.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BXMT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.14.

Blackstone Mortgage Trust Stock Down 0.2 %

Shares of BXMT opened at $17.99 on Friday. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $20.83. The firm’s 50 day moving average is $18.29 and its 200-day moving average is $18.38.

Blackstone Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 10.45%. Blackstone Mortgage Trust’s dividend payout ratio is currently -135.25%.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.