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% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 155,172 shares of the real estate investment trust’s stock after selling 4,394 shares during the quarter. Blackstone Mortgage Trust comprises 2.2% of Resolute Wealth Strategies LLC’s holdings, making the stock its 13th largest position. Resolute Wealth Strategies LLC’s holdings in Blackstone Mortgage Trust were worth $3,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Blackstone Mortgage Trust by 15.3% in the 3rd quarter. Vanguard Group Inc. now owns 18,643,329 shares of the real estate investment trust’s stock worth $405,492,000 after buying an additional 2,470,412 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Blackstone Mortgage Trust by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,425,059 shares of the real estate investment trust’s stock worth $52,745,000 after purchasing an additional 54,490 shares during the period. Northern Trust Corp increased its stake in Blackstone Mortgage Trust by 22.7% in the 3rd quarter. Northern Trust Corp now owns 2,218,838 shares of the real estate investment trust’s stock worth $48,260,000 after purchasing an additional 410,722 shares during the period. Ameriprise Financial Inc. increased its stake in Blackstone Mortgage Trust by 45.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,141,173 shares of the real estate investment trust’s stock worth $46,578,000 after purchasing an additional 669,172 shares during the period. Finally, LDR Capital Management LLC increased its stake in Blackstone Mortgage Trust by 2.0% in the 4th quarter. LDR Capital Management LLC now owns 1,796,246 shares of the real estate investment trust’s stock worth $38,206,000 after purchasing an additional 35,056 shares during the period. Institutional investors own 64.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on BXMT. Wells Fargo & Company decreased their price target on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, April 25th. BTIG Research decreased their price target on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. UBS Group decreased their price target on Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. JPMorgan Chase & Co. decreased their price target on Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Blackstone Mortgage Trust presently has an average rating of “Hold” and an average target price of $19.93.

Blackstone Mortgage Trust Stock Down 0.1 %

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

Blackstone Mortgage Trust Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Katharine A. Keenan sold 2,275 shares of Blackstone Mortgage Trust stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the completion of the transaction, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at approximately $3,888,465.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Katharine A. Keenan sold 2,274 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at approximately $3,967,565.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,540 shares of company stock worth $112,642. 1.02% of the stock is owned by corporate 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.