Campbell & CO Investment Adviser LLC Reduces Stock Position in Blackstone Mortgage Trust Inc (NYSE:BXMT)

Campbell & CO Investment Adviser LLC cut its holdings in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 18.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,947 shares of the real estate investment trust’s stock after selling 1,779 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Blackstone Mortgage Trust were worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc increased its holdings in shares of Blackstone Mortgage Trust by 11.5% during the 3rd quarter. Vanguard Group Inc now owns 11,080,478 shares of the real estate investment trust’s stock valued at $371,306,000 after purchasing an additional 1,142,710 shares in the last quarter. Ellis Investment Partners LLC increased its holdings in shares of Blackstone Mortgage Trust by 3,349.4% during the 1st quarter. Ellis Investment Partners LLC now owns 2,479,805 shares of the real estate investment trust’s stock valued at $2,479,000 after purchasing an additional 2,407,915 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Blackstone Mortgage Trust by 19.7% during the 4th quarter. Northern Trust Corp now owns 2,027,389 shares of the real estate investment trust’s stock valued at $64,593,000 after purchasing an additional 333,929 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Blackstone Mortgage Trust by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 1,625,430 shares of the real estate investment trust’s stock valued at $51,976,000 after purchasing an additional 103,508 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Blackstone Mortgage Trust by 2.5% during the 1st quarter. Boston Partners now owns 1,375,627 shares of the real estate investment trust’s stock valued at $47,542,000 after purchasing an additional 33,396 shares in the last quarter. 58.92% of the stock is owned by institutional investors.

BXMT traded down $0.18 on Monday, hitting $35.40. 1,138,400 shares of the company’s stock were exchanged, compared to its average volume of 903,022. Blackstone Mortgage Trust Inc has a fifty-two week low of $30.84 and a fifty-two week high of $36.77. The firm’s 50-day simple moving average is $35.99. The company has a market capitalization of $4.77 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 2.81 and a beta of 0.53.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.11. The firm had revenue of $106.07 million for the quarter, compared to analysts’ expectations of $98.89 million. Blackstone Mortgage Trust had a net margin of 48.22% and a return on equity of 9.73%. During the same quarter in the previous year, the company posted $0.64 EPS. As a group, equities analysts anticipate that Blackstone Mortgage Trust Inc will post 2.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $2.48 dividend on an annualized basis and a yield of 7.01%. Blackstone Mortgage Trust’s dividend payout ratio (DPR) is presently 93.58%.

In related news, CFO Anthony F. Marone, Jr. sold 793 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $35.45, for a total value of $28,111.85. Following the completion of the transaction, the chief financial officer now directly owns 29,824 shares of the company’s stock, valued at $1,057,260.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Treasurer Douglas N. Armer sold 1,913 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $35.46, for a total value of $67,834.98. Following the completion of the transaction, the treasurer now directly owns 74,383 shares of the company’s stock, valued at $2,637,621.18. The disclosure for this sale can be found here. Insiders have sold 4,073 shares of company stock worth $145,310 over the last quarter. Insiders own 0.95% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $35.63.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by 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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Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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