American International Group Inc. lowered its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,051 shares of the real estate investment trust’s stock after selling 665 shares during the quarter. American International Group Inc. owned approximately 0.06% of Blackstone Mortgage Trust worth $2,942,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in BXMT. Quest Capital Management Inc. ADV bought a new stake in Blackstone Mortgage Trust during the third quarter worth $30,000. Parallel Advisors LLC grew its position in shares of Blackstone Mortgage Trust by 695.7% in the 3rd quarter. Parallel Advisors LLC now owns 915 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 800 shares during the period. Whittier Trust Co. bought a new position in shares of Blackstone Mortgage Trust in the 3rd quarter valued at about $56,000. Marshall Wace North America L.P. acquired a new position in shares of Blackstone Mortgage Trust during the 1st quarter worth about $55,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Blackstone Mortgage Trust by 44.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,952 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 600 shares during the last quarter. 59.75% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Blackstone Mortgage Trust in a report on Friday, December 6th. They issued a “neutral” rating and a $36.00 target price on the stock. JPMorgan Chase & Co. upgraded Blackstone Mortgage Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $37.00 to $39.00 in a report on Wednesday, January 29th. Credit Suisse Group reissued a “hold” rating and set a $37.50 price target on shares of Blackstone Mortgage Trust in a research report on Thursday, February 13th. Compass Point started coverage on Blackstone Mortgage Trust in a research report on Monday, December 2nd. They set a “neutral” rating and a $36.00 price target on the stock. Finally, Zacks Investment Research upgraded Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.70.
Shares of Blackstone Mortgage Trust stock opened at $40.51 on Friday. The business has a fifty day simple moving average of $38.19 and a two-hundred day simple moving average of $36.58. Blackstone Mortgage Trust Inc has a 1 year low of $33.75 and a 1 year high of $40.52. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 3.37 and a beta of 0.52.
Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.11. The firm had revenue of $109.71 million during the quarter, compared to analysts’ expectations of $106.10 million. Blackstone Mortgage Trust had a net margin of 39.60% and a return on equity of 8.67%. As a group, sell-side analysts expect that Blackstone Mortgage Trust Inc will post 2.38 EPS for the current year.
In other news, EVP Douglas N. Armer sold 801 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $36.81, for a total value of $29,484.81. Following the transaction, the executive vice president now owns 86,878 shares of the company’s stock, valued at $3,197,979.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Douglas N. Armer sold 711 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.91, for a total value of $27,665.01. Following the transaction, the executive vice president now owns 86,167 shares in the company, valued at approximately $3,352,757.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,607 shares of company stock valued at $98,685. 0.95% of the stock is currently owned by corporate insiders.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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