Rhumbline Advisers Has $9.35 Million Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Rhumbline Advisers decreased its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 0.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 537,096 shares of the real estate investment trust’s stock after selling 1,653 shares during the period. Rhumbline Advisers’ holdings in Blackstone Mortgage Trust were worth $9,351,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Harbor Capital Advisors Inc. bought a new stake in Blackstone Mortgage Trust during the third quarter worth approximately $39,000. McIlrath & Eck LLC acquired a new stake in shares of Blackstone Mortgage Trust in the third quarter worth $63,000. KBC Group NV boosted its holdings 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 stake in shares of Blackstone Mortgage Trust during the 4th quarter worth $172,000. Finally, Wealthstar Advisors LLC acquired a new position in Blackstone Mortgage Trust in the 4th quarter valued at $178,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BXMT shares. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Wednesday, December 11th. 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 report on Thursday, February 13th. Finally, JPMorgan Chase & Co. raised their target price on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.64.

Blackstone Mortgage Trust Stock Performance

NYSE BXMT opened at $20.45 on Tuesday. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $21.09. The stock has a market cap of $3.51 billion, a PE ratio of -17.47 and a beta of 1.50. The firm has a 50-day simple moving average of $18.43 and a 200 day simple moving average of $18.52.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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%. Research analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 9.20%. Blackstone Mortgage Trust’s dividend payout ratio is currently -160.68%.

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.