Bayforest Capital Ltd Increases Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Bayforest Capital Ltd increased its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 185.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 30,719 shares of the real estate investment trust’s stock after buying an additional 19,965 shares during the quarter. Bayforest Capital Ltd’s holdings in Blackstone Mortgage Trust were worth $614,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd raised its position in Blackstone Mortgage Trust by 300.5% in the first quarter. XTX Topco Ltd now owns 115,602 shares of the real estate investment trust’s stock valued at $2,312,000 after purchasing an additional 86,736 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Blackstone Mortgage Trust by 6.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,161 shares of the real estate investment trust’s stock valued at $823,000 after purchasing an additional 2,639 shares during the period. Cetera Investment Advisers raised its position in Blackstone Mortgage Trust by 19.1% in the first quarter. Cetera Investment Advisers now owns 147,753 shares of the real estate investment trust’s stock valued at $2,955,000 after purchasing an additional 23,716 shares during the period. Allianz Asset Management GmbH purchased a new stake in Blackstone Mortgage Trust in the first quarter valued at $258,000. Finally, Kestra Private Wealth Services LLC raised its position in Blackstone Mortgage Trust by 0.9% in the first quarter. Kestra Private Wealth Services LLC now owns 114,637 shares of the real estate investment trust’s stock valued at $2,293,000 after purchasing an additional 1,019 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Insider Buying and Selling

In related news, CEO Katharine A. Keenan sold 6,931 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.13, for a total transaction of $132,590.03. Following the completion of the transaction, the chief executive officer directly owned 236,914 shares of the company’s stock, valued at $4,532,164.82. The trade was a 2.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry N. Nassau bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average cost of $18.90 per share, with a total value of $189,000.00. Following the completion of the purchase, the director directly owned 182,946 shares in the company, valued at $3,457,679.40. This represents a 5.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 9,248 shares of company stock valued at $177,028 in the last three months. 1.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BXMT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Keefe, Bruyette & Woods lifted their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “market perform” rating in a research note on Thursday, July 10th. Finally, UBS Group lifted their price objective on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Blackstone Mortgage Trust has an average rating of “Hold” and an average target price of $20.10.

Blackstone Mortgage Trust Trading Up 0.5%

Shares of NYSE BXMT opened at $19.38 on Wednesday. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.51 and a twelve month high of $21.24. The stock has a fifty day simple moving average of $19.35 and a 200-day simple moving average of $19.25. The stock has a market capitalization of $3.33 billion, a PE ratio of -42.14 and a beta of 1.10.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 9.70%. Blackstone Mortgage Trust’s payout ratio is -408.70%.

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.