Flagship Harbor Advisors LLC raised its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) by 5.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 19,221 shares of the real estate investment trust's stock after acquiring an additional 1,074 shares during the period. Flagship Harbor Advisors LLC's holdings in Blackstone Mortgage Trust were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BXMT. Nauset Wealth Management. LLC acquired a new stake in shares of Blackstone Mortgage Trust in the first quarter valued at about $31,000. McIlrath & Eck LLC acquired a new stake in shares of Blackstone Mortgage Trust in the first quarter valued at about $35,000. MBM Wealth Consultants LLC acquired a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $52,000. Western Pacific Wealth Management LP acquired a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $67,000. Finally, Wagner Wealth Management LLC acquired a new stake in shares of Blackstone Mortgage Trust in the fourth quarter valued at about $72,000. Institutional investors and hedge funds own 55.28% of the company's stock.

Insider Activity

In related news, CEO Katharine A. Keenan sold 2,270 shares of the company's stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $28.70, for a total transaction of $65,149.00. Following the completion of the transaction, the chief executive officer now owns 120,872 shares of the company's stock, valued at $3,469,026.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Katharine A. Keenan sold 2,270 shares of Blackstone Mortgage Trust stock in a transaction on Friday, September 9th. The stock was sold at an average price of $28.70, for a total value of $65,149.00. Following the transaction, the chief executive officer now owns 120,872 shares in the company, valued at $3,469,026.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 1,013 shares of the company's stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $27.50, for a total value of $27,857.50. Following the sale, the chief executive officer now owns 124,299 shares of the company's stock, valued at $3,418,222.50. The disclosure for this sale can be found here. Insiders sold a total of 4,167 shares of company stock valued at $118,828 in the last 90 days. 1.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Blackstone Mortgage Trust Trading Down 3.0 %

NYSE:BXMT opened at $27.02 on Friday. The firm has a 50-day moving average price of $29.51 and a two-hundred day moving average price of $30.02. Blackstone Mortgage Trust, Inc. has a twelve month low of $25.99 and a twelve month high of $34.04. The company has a market capitalization of $4.60 billion, a P/E ratio of 11.07 and a beta of 1.24.

Blackstone Mortgage Trust (NYSE:BXMT – Get Rating) last issued its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.04. Blackstone Mortgage Trust had a net margin of 44.90% and a return on equity of 8.92%. During the same quarter in the prior year, the firm earned $0.55 earnings per share. On average, equities research analysts predict that Blackstone Mortgage Trust, Inc. will post 2.45 earnings per share for the current year.

Blackstone Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 9.18%. The ex-dividend date of this dividend is Thursday, September 29th. Blackstone Mortgage Trust's dividend payout ratio (DPR) is 101.64%.

About Blackstone Mortgage Trust

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Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial 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.

Further Reading

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