Spirit of America Management Corp NY boosted its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Get Rating) by 10.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,472 shares of the real estate investment trust's stock after acquiring an additional 4,000 shares during the quarter. Spirit of America Management Corp NY's holdings in Blackstone Mortgage Trust were worth $1,175,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Nauset Wealth Management. LLC acquired a new stake in Blackstone Mortgage Trust in the 1st quarter worth about $31,000. McIlrath & Eck LLC acquired a new position in shares of Blackstone Mortgage Trust in the 1st quarter valued at about $35,000. MBM Wealth Consultants LLC acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth approximately $52,000. Western Pacific Wealth Management LP acquired a new position in Blackstone Mortgage Trust during the 4th quarter worth approximately $67,000. Finally, Wagner Wealth Management LLC purchased a new stake in Blackstone Mortgage Trust during the 4th quarter worth approximately $72,000. Hedge funds and other institutional investors own 55.28% of the company's stock.
Get Blackstone Mortgage Trust alerts:Wall Street Analysts Forecast Growth
Separately, Credit Suisse Group lowered their price target on Blackstone Mortgage Trust to $30.00 in a report on Friday, July 22nd.
Blackstone Mortgage Trust Price Performance
Shares of Blackstone Mortgage Trust stock traded up $0.27 during trading on Wednesday, hitting $25.81. The stock had a trading volume of 84,379 shares, compared to its average volume of 1,694,940. The business has a fifty day moving average of $29.38 and a two-hundred day moving average of $29.93. The firm has a market cap of $4.40 billion, a P/E ratio of 10.47 and a beta of 1.24. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $25.23 and a fifty-two week high of $34.04.Blackstone Mortgage Trust (NYSE:BXMT – Get Rating) last announced its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.04. Blackstone Mortgage Trust had a return on equity of 8.92% and a net margin of 44.90%. During the same quarter last year, the firm earned $0.55 EPS. As a group, research analysts forecast that Blackstone Mortgage Trust, Inc. will post 2.45 earnings per share for the current year.
Blackstone Mortgage Trust Announces Dividend
The company 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. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $2.48 annualized dividend and a yield of 9.61%. Blackstone Mortgage Trust's dividend payout ratio (DPR) is 101.64%.
Insider Buying and Selling at Blackstone Mortgage Trust
In other news, CEO Katharine A. Keenan sold 2,270 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 120,872 shares of the company's stock, valued at approximately $3,469,026.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Katharine A. Keenan sold 2,270 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 120,872 shares of the company's stock, valued at approximately $3,469,026.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Katharine A. Keenan sold 1,013 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $27.50, for a total value of $27,857.50. Following the completion of the transaction, the chief executive officer now directly 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 quarter. Corporate insiders own 1.06% of the company's stock.
Blackstone Mortgage Trust Company Profile
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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.
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