Resolute Wealth Strategies LLC Sells 4,394 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Resolute Wealth Strategies LLC decreased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,172 shares of the real estate investment trust’s stock after selling 4,394 shares during the period. Blackstone Mortgage Trust accounts for 2.2% of Resolute Wealth Strategies LLC’s portfolio, making the stock its 13th largest position. Resolute Wealth Strategies LLC owned 0.09% of Blackstone Mortgage Trust worth $3,301,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Central Bank & Trust Co. bought a new position in Blackstone Mortgage Trust during the fourth quarter worth about $25,000. GAMMA Investing LLC bought a new position in Blackstone Mortgage Trust during the fourth quarter worth about $45,000. Sandy Spring Bank boosted its holdings in Blackstone Mortgage Trust by 10,652.0% during the fourth quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 2,663 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Blackstone Mortgage Trust by 4,986.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,613 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 6,483 shares during the last quarter. Finally, Blair William & Co. IL acquired a new stake in shares of Blackstone Mortgage Trust during the third quarter worth about $202,000. Institutional investors own 64.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. UBS Group dropped their price target on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Keefe, Bruyette & Woods dropped their price target on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. BTIG Research dropped their price target on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Finally, Bank of America lowered Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $22.00 to $21.00 in a research report on Monday, March 4th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $19.93.

Blackstone Mortgage Trust Stock Down 0.1 %

Shares of NYSE BXMT traded down $0.01 during midday trading on Friday, hitting $17.99. 1,837,347 shares of the company’s stock were exchanged, compared to its average volume of 2,312,051. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.83 and a 12 month high of $23.82. The company’s 50 day moving average price is $19.30 and its 200 day moving average price is $20.44. The firm has a market capitalization of $3.12 billion, a PE ratio of 599.67 and a beta of 1.44.

Blackstone Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.62 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.48 annualized dividend and a yield of 13.79%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 8,266.67%.

Insider Activity at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the sale, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the completion of the sale, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.42, for a total value of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The disclosure for this sale can be found here. Insiders sold 5,540 shares of company stock worth $112,642 in the last ninety days. 1.02% of the stock is owned by company insiders.

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.