Moody Lynn & Lieberson LLC decreased its stake in Blackstone Mortgage Trust Inc. (NYSE:BXMT) by 2.6% during the second quarter, Holdings Channel reports. The firm owned 117,178 shares of the real estate investment trust’s stock after selling 3,074 shares during the period. Moody Lynn & Lieberson LLC’s holdings in Blackstone Mortgage Trust were worth $3,242,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BXMT. Barclays PLC boosted its position in Blackstone Mortgage Trust by 0.6% in the first quarter. Barclays PLC now owns 1,006,800 shares of the real estate investment trust’s stock valued at $26,177,000 after buying an additional 5,609 shares during the period. BlackRock Japan Co. Ltd boosted its position in Blackstone Mortgage Trust by 1,024.6% in the first quarter. BlackRock Japan Co. Ltd now owns 7,782 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 7,090 shares during the period. Narwhal Capital Management boosted its position in Blackstone Mortgage Trust by 13.7% in the second quarter. Narwhal Capital Management now owns 11,430 shares of the real estate investment trust’s stock valued at $316,000 after buying an additional 1,380 shares during the period. Boston Advisors LLC bought a new position in Blackstone Mortgage Trust during the second quarter valued at about $8,951,000. Finally, Nuveen Asset Management LLC boosted its position in Blackstone Mortgage Trust by 2.2% in the first quarter. Nuveen Asset Management LLC now owns 445,712 shares of the real estate investment trust’s stock valued at $11,972,000 after buying an additional 9,489 shares during the period. Hedge funds and other institutional investors own 74.64% of the company’s stock.
Shares of Blackstone Mortgage Trust Inc. (NYSE:BXMT) traded up 0.87% during mid-day trading on Tuesday, reaching $29.00. 151,546 shares of the company were exchanged. The stock has a market capitalization of $2.72 billion, a P/E ratio of 10.79 and a beta of 1.03. The firm has a 50-day moving average price of $29.29 and a 200 day moving average price of $28.30. Blackstone Mortgage Trust Inc. has a 12 month low of $22.13 and a 12 month high of $30.46.
Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company earned $81.40 million during the quarter, compared to the consensus estimate of $78.34 million. Blackstone Mortgage Trust had a net margin of 59.73% and a return on equity of 9.44%. The firm’s revenue for the quarter was up 63.5% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Equities research analysts anticipate that Blackstone Mortgage Trust Inc. will post $2.61 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend was Wednesday, September 28th. Blackstone Mortgage Trust’s dividend payout ratio is currently 91.85%.
Several research analysts have recently issued reports on BXMT shares. Deutsche Bank AG reiterated a “buy” rating and issued a $33.00 price objective on shares of Blackstone Mortgage Trust in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Monday. Keefe, Bruyette & Woods increased their price objective on shares of Blackstone Mortgage Trust from $29.00 to $31.00 and gave the company a “market perform” rating in a report on Thursday, July 28th. Finally, FBR & Co increased their price objective on shares of Blackstone Mortgage Trust from $29.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $30.67.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company, which conducts its operations as a real estate investment trust. The Company is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. Its business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, residential, retail, industrial and healthcare sectors in North America and Europe.
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