IFP Advisors Inc Has $175,000 Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

IFP Advisors Inc lifted its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,037 shares of the real estate investment trust’s stock after purchasing an additional 841 shares during the quarter. IFP Advisors Inc’s holdings in Blackstone Mortgage Trust were worth $175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Blackstone Mortgage Trust during the 3rd quarter worth approximately $39,000. McIlrath & Eck LLC bought a new position in shares of Blackstone Mortgage Trust during the 3rd quarter worth approximately $63,000. KBC Group NV lifted its position in shares of 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 buying an additional 2,145 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $172,000. Finally, Wealthstar Advisors LLC bought a new position in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $178,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock opened at $20.20 on Tuesday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.53 and a 1 year high of $21.09. The business has a 50-day moving average of $18.67 and a two-hundred day moving average of $18.63. The company has a market capitalization of $3.47 billion, a P/E ratio of -17.26 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. On average, equities analysts anticipate that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 9.31%. Blackstone Mortgage Trust’s payout ratio is currently -160.68%.

Analyst Ratings Changes

Several research firms recently commented on BXMT. UBS Group raised their target price on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Finally, Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Blackstone Mortgage Trust presently has an average rating of “Hold” and a consensus target price of $20.71.

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.