Envestnet Portfolio Solutions Inc. Acquires 3,038 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 24.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,563 shares of the real estate investment trust’s stock after acquiring an additional 3,038 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Blackstone Mortgage Trust were worth $271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in Blackstone Mortgage Trust by 5.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,534,980 shares of the real estate investment trust’s stock valued at $44,134,000 after purchasing an additional 121,633 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at $1,937,000. Centiva Capital LP boosted its stake in Blackstone Mortgage Trust by 405.5% in the 3rd quarter. Centiva Capital LP now owns 60,128 shares of the real estate investment trust’s stock valued at $1,143,000 after buying an additional 79,809 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Blackstone Mortgage Trust during the fourth quarter worth $1,326,000. Finally, Amundi raised its stake in Blackstone Mortgage Trust by 185.3% during the fourth quarter. Amundi now owns 87,220 shares of the real estate investment trust’s stock worth $1,531,000 after acquiring an additional 56,654 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the transaction, the chief executive officer now directly owns 246,172 shares in the company, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 5,652 shares of company stock valued at $116,971 in the last 90 days. 0.93% of the stock is owned by insiders.

Blackstone Mortgage Trust Price Performance

Shares of NYSE BXMT opened at $20.28 on Friday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $21.24. The firm has a market capitalization of $3.48 billion, a P/E ratio of -17.33 and a beta of 1.52. The company’s 50 day simple moving average is $19.62 and its 200 day simple moving average is $18.92.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping 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%. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.27%. Blackstone Mortgage Trust’s dividend payout ratio is -160.68%.

Analyst Upgrades and Downgrades

BXMT has been the topic of several analyst reports. JPMorgan Chase & Co. upped 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 raised shares of 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. UBS Group lifted their target price on shares of Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods increased their target price on 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.67.

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.