MADDEN SECURITIES Corp Cuts Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

MADDEN SECURITIES Corp decreased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 79.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,220 shares of the real estate investment trust’s stock after selling 103,985 shares during the period. MADDEN SECURITIES Corp’s holdings in Blackstone Mortgage Trust were worth $456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. GFS Advisors LLC increased its stake in shares of Blackstone Mortgage Trust by 9,068.6% during the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock valued at $8,715,000 after buying an additional 453,430 shares during the period. Dupree Financial Group LLC increased its stake in shares of Blackstone Mortgage Trust by 98.8% in the 3rd quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock worth $5,200,000 after acquiring an additional 135,963 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock valued at $3,289,000 after purchasing an additional 108,409 shares during the last quarter. Weiss Asset Management LP purchased a new position in Blackstone Mortgage Trust during the third quarter valued at $1,937,000. Finally, Sequoia Financial Advisors LLC bought a new position in Blackstone Mortgage Trust in the 3rd quarter worth about $1,695,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods cut their price target on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and a consensus target price of $20.14.

Blackstone Mortgage Trust Trading Down 0.6 %

NYSE BXMT opened at $18.61 on Tuesday. The business’s fifty day moving average is $18.21 and its 200 day moving average is $18.34. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $20.73.

Blackstone Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.10%. Blackstone Mortgage Trust’s payout ratio is currently -135.25%.

Blackstone Mortgage Trust 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.