Condor Capital Management Purchases 58,165 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Condor Capital Management lifted its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 61.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,155 shares of the real estate investment trust’s stock after purchasing an additional 58,165 shares during the period. Condor Capital Management’s holdings in Blackstone Mortgage Trust were worth $2,649,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BXMT. Smartleaf Asset Management LLC grew its position in Blackstone Mortgage Trust by 125.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,204 shares during the last quarter. McIlrath & Eck LLC bought a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at $63,000. Steward Partners Investment Advisory LLC increased its stake in shares of Blackstone Mortgage Trust by 114.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,003 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 3,736 shares in the last quarter. KBC Group NV increased its stake in shares of Blackstone Mortgage Trust by 39.3% in the 4th quarter. KBC Group NV now owns 7,601 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 2,145 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Blackstone Mortgage Trust by 1,416.7% in the 4th quarter. Farther Finance Advisors LLC now owns 9,631 shares of the real estate investment trust’s stock valued at $168,000 after purchasing an additional 8,996 shares during the period. 64.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,315 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the transaction, the chief executive officer now directly owns 246,172 shares of the company’s stock, valued at approximately $5,095,760.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 5,652 shares of company stock worth $116,971 in the last quarter. 0.93% of the stock is owned by company insiders.

Blackstone Mortgage Trust Price Performance

Blackstone Mortgage Trust stock opened at $21.08 on Thursday. The stock has a market capitalization of $3.62 billion, a PE ratio of -18.01 and a beta of 1.52. The business’s fifty day moving average is $19.29 and its 200 day moving average is $18.83. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $21.18.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. As a group, sell-side analysts expect that Blackstone Mortgage Trust, Inc. will post 1.65 EPS for the current fiscal year.

Blackstone Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.92%. The ex-dividend date is Monday, March 31st. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is -160.68%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BXMT. JPMorgan Chase & Co. lifted their price objective on shares of Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price objective on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a research note on Thursday, February 13th. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Wednesday, December 11th. Finally, UBS Group upped their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.67.

About Blackstone Mortgage Trust

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.