Pacific Capital Partners Ltd Takes $4 Million Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Pacific Capital Partners Ltd purchased a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 200,000 shares of the real estate investment trust’s stock, valued at approximately $4,000,000. Blackstone Mortgage Trust comprises about 2.5% of Pacific Capital Partners Ltd’s portfolio, making the stock its 16th largest position. Pacific Capital Partners Ltd owned about 0.12% of Blackstone Mortgage Trust as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Blackstone Mortgage Trust by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 18,398,374 shares of the real estate investment trust’s stock valued at $320,316,000 after acquiring an additional 63,338 shares during the last quarter. Blackstone Inc. increased its position in shares of Blackstone Mortgage Trust by 8.2% during the fourth quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust’s stock worth $149,752,000 after buying an additional 652,537 shares during the period. Balyasny Asset Management L.P. increased its position in shares of Blackstone Mortgage Trust by 39.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust’s stock worth $49,315,000 after buying an additional 801,083 shares during the period. Norges Bank acquired a new stake in shares of Blackstone Mortgage Trust during the fourth quarter worth $35,662,000. Finally, Mesirow Institutional Investment Management Inc. increased its position in shares of Blackstone Mortgage Trust by 25.6% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 1,096,110 shares of the real estate investment trust’s stock worth $19,083,000 after buying an additional 223,461 shares during the period. Institutional investors own 64.15% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BXMT shares. JMP Securities reiterated a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Thursday, May 1st. Keefe, Bruyette & Woods increased their price objective on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “market perform” rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. decreased their price objective on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Finally, UBS Group increased their price objective on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and an average price target of $20.10.

Blackstone Mortgage Trust Trading Up 0.5%

NYSE:BXMT opened at $19.38 on Wednesday. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -42.14 and a beta of 1.10. The firm has a fifty day simple moving average of $19.35 and a two-hundred day simple moving average of $19.25. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24.

Blackstone Mortgage Trust Announces Dividend

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

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.