Wealthstar Advisors LLC Purchases New Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Wealthstar Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,230 shares of the real estate investment trust’s stock, valued at approximately $178,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GFS Advisors LLC boosted its holdings in shares of Blackstone Mortgage Trust by 9,068.6% during the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after buying an additional 453,430 shares during the period. Dupree Financial Group LLC lifted its position in Blackstone Mortgage Trust by 98.8% during the third quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock worth $5,200,000 after acquiring an additional 135,963 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock worth $3,289,000 after acquiring an additional 108,409 shares during the period. Weiss Asset Management LP acquired a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $1,937,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Blackstone Mortgage Trust during the third quarter worth approximately $1,695,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Performance

BXMT opened at $18.61 on Tuesday. The firm has a market cap of $3.22 billion, a P/E ratio of -13.38 and a beta of 1.50. The business’s fifty day moving average is $18.21 and its 200-day moving average is $18.34. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $20.73.

Blackstone Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.10%. The ex-dividend date of this dividend was Tuesday, December 31st. Blackstone Mortgage Trust’s dividend payout ratio is currently -135.25%.

Analysts Set New Price Targets

Several analysts recently issued reports on BXMT shares. Keefe, Bruyette & Woods reduced their price target on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. decreased their price target 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. Finally, Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.14.

Blackstone Mortgage Trust Company Profile

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.