Summit Investment Advisors Inc. Has $316,000 Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Summit Investment Advisors Inc. boosted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,165 shares of the real estate investment trust’s stock after purchasing an additional 967 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Blackstone Mortgage Trust were worth $316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BXMT. True North Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 558 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in Blackstone Mortgage Trust by 1.7% in 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 period. CIBC Asset Management Inc increased its holdings in shares of 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 in the last quarter. IFP Advisors Inc raised its position in shares of 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 worth $175,000 after purchasing an additional 841 shares during the period. Finally, Principal Securities Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 7.6% in the 4th quarter. Principal Securities Inc. now owns 14,224 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 1,007 shares in the last quarter. 64.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BXMT has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. lowered their target price on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group cut their price target on Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.25.

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 dated Monday, March 3rd. The stock was sold at an average price of $20.70, for a total transaction of $48,086.10. Following the sale, the chief executive officer now owns 248,487 shares in the company, valued at $5,143,680.90. This trade represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 5,652 shares of company stock valued at $116,971 in the last 90 days. 0.93% of the stock is currently owned by company insiders.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT opened at $18.32 on Monday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24. The firm has a 50-day moving average price of $19.70 and a two-hundred day moving average price of $18.83. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of -15.65 and a beta of 1.22.

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, 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%. As a group, sell-side analysts forecast that Blackstone Mortgage Trust, Inc. will post 1.65 earnings per share for the current year.

Blackstone Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 10.26%. Blackstone Mortgage Trust’s payout ratio is -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.