PNC Financial Services Group Inc. Sells 665 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

PNC Financial Services Group Inc. reduced its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,569 shares of the real estate investment trust’s stock after selling 665 shares during the period. PNC Financial Services Group Inc.’s holdings in Blackstone Mortgage Trust were worth $1,089,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. True North Advisors LLC grew its position in Blackstone Mortgage Trust by 2.4% during the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 558 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Blackstone Mortgage Trust by 1.7% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 38,237 shares of the real estate investment trust’s stock valued at $666,000 after acquiring an additional 624 shares during the last quarter. CIBC Asset Management Inc grew its position in Blackstone Mortgage Trust by 4.9% during the fourth quarter. CIBC Asset Management Inc now owns 16,915 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 785 shares during the last quarter. IFP Advisors Inc grew its position in Blackstone Mortgage Trust by 9.1% during the fourth quarter. IFP Advisors Inc now owns 10,037 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 841 shares during the last quarter. Finally, Principal Securities Inc. grew its position in Blackstone Mortgage Trust by 7.6% during the fourth quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 1,007 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Stock Up 2.6 %

NYSE:BXMT opened at $20.61 on Monday. The stock has a market cap of $3.54 billion, a P/E ratio of -17.61 and a beta of 1.52. The firm’s fifty day simple moving average is $19.09 and its 200 day simple moving average is $18.78. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $21.09.

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

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.12%. Blackstone Mortgage Trust’s dividend payout ratio is currently -160.68%.

Analyst Ratings Changes

BXMT has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Wolfe Research upgraded shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Wednesday, December 11th. UBS Group raised their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.67.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,323 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $20.70, for a total transaction of $48,086.10. Following the completion of the transaction, the chief executive officer now owns 248,487 shares of the company’s stock, valued at approximately $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 3,345 shares of company stock valued at $68,265. 0.93% of the stock is currently owned by company insiders.

Blackstone Mortgage Trust 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.