Naples Global Advisors LLC Grows Position in Blackstone Mortgage Trust Inc (BXMT)

Naples Global Advisors LLC grew its holdings in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 3.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 32,072 shares of the real estate investment trust’s stock after buying an additional 1,100 shares during the period. Naples Global Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $1,108,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in Blackstone Mortgage Trust by 1.5% during the fourth quarter. Mackenzie Financial Corp now owns 20,465 shares of the real estate investment trust’s stock worth $652,000 after purchasing an additional 300 shares in the last quarter. Winslow Evans & Crocker Inc. grew its position in Blackstone Mortgage Trust by 30.8% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 1,486 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 350 shares during the period. Steward Partners Investment Advisory LLC grew its position in Blackstone Mortgage Trust by 3.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,788 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 367 shares during the period. Virtu Financial LLC grew its position in Blackstone Mortgage Trust by 4.0% during the first quarter. Virtu Financial LLC now owns 9,556 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 367 shares during the period. Finally, Advisory Services Network LLC grew its position in Blackstone Mortgage Trust by 72.0% during the fourth quarter. Advisory Services Network LLC now owns 1,175 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 492 shares during the period. 60.75% of the stock is owned by institutional investors and hedge funds.

In related news, CFO Anthony F. Marone, Jr. sold 793 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $35.45, for a total transaction of $28,111.85. Following the completion of the sale, the chief financial officer now directly owns 29,824 shares of the company’s stock, valued at approximately $1,057,260.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Treasurer Douglas N. Armer sold 1,913 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $35.46, for a total transaction of $67,834.98. Following the sale, 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. In the last three months, insiders sold 3,808 shares of company stock worth $134,065. Insiders own 0.96% of the company’s stock.

NYSE BXMT traded up $0.02 during mid-day trading on Wednesday, reaching $35.89. 529,400 shares of the stock were exchanged, compared to its average volume of 839,160. Blackstone Mortgage Trust Inc has a 1-year low of $30.84 and a 1-year high of $36.07. The firm has a market cap of $4.51 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57.

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

BXMT has been the topic of several recent analyst reports. Deutsche Bank lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $35.00 to $34.50 in a research report on Wednesday, February 13th. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. JMP Securities reiterated a “hold” rating on shares of Blackstone Mortgage Trust in a research report on Sunday, February 17th. Finally, ValuEngine lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Blackstone Mortgage Trust presently has an average rating of “Hold” and a consensus price target of $35.63.

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Blackstone Mortgage Trust Company 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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