Bronfman E.L. Rothschild L.P. Reduces Stake in Blackstone Mortgage Trust Inc (BXMT)

Bronfman E.L. Rothschild L.P. decreased its holdings in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 17.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,338 shares of the real estate investment trust’s stock after selling 1,959 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Blackstone Mortgage Trust were worth $300,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust during the 4th quarter valued at about $103,000. Ffcm LLC boosted its position in shares of Blackstone Mortgage Trust by 151.5% during the 4th quarter. Ffcm LLC now owns 4,656 shares of the real estate investment trust’s stock valued at $148,000 after acquiring an additional 2,805 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Blackstone Mortgage Trust by 56.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,829 shares of the real estate investment trust’s stock valued at $155,000 after acquiring an additional 1,745 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $203,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $284,000. 54.21% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Inc (NYSE BXMT) opened at $30.97 on Thursday. Blackstone Mortgage Trust Inc has a 1 year low of $29.51 and a 1 year high of $33.08. The firm has a market cap of $3,262.05, a PE ratio of 13.64 and a beta of 0.59.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $0.62 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.48 dividend on an annualized basis and a yield of 8.01%. Blackstone Mortgage Trust’s payout ratio is currently 109.25%.

Several research analysts have recently weighed in on BXMT shares. JPMorgan Chase & Co. cut shares of Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 6th. Wells Fargo & Co started coverage on shares of Blackstone Mortgage Trust in a research report on Wednesday, December 6th. They set an “outperform” rating on the stock. Keefe, Bruyette & Woods cut shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th. Zacks Investment Research cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. Finally, FBR & Co boosted their price target on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $33.60.

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Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s 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, retail, residential and industrial sectors.

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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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