Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. has cut his share in Blackstone Mortgage Trust, Inc. (NYSE:BXMTGet the Badge) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,476,102 shares of the real estate investment trust’s stock after selling 13,077 shares during the period. Owned by Victory Capital Management Inc. 0.86% of Blackstone Mortgage Trust was worth $34,452,000 as of its most recent filing with the Securities & Exchange Commission.

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Other investors have also recently bought and sold the company’s shares. Northern Trust Corp lifted its stake in Blackstone Mortgage Trust by 3.3% in the second quarter. Northern Trust Corp now owns 2,021,673 shares of the investment trust’s stock worth $55,940,000 after purchasing an additional 64,264 shares during the last quarter. Natixis raised its stake in Blackstone Mortgage Trust by 34.5% in the second quarter. Natixis now owns 35,453 shares of the private equity firm’s stock valued at $982,000 after purchasing an additional 9,092 shares during the last quarter. Next Capital Management LLC acquired a new stake in Blackstone Mortgage Trust in the second quarter worth about $367,000. Sheets Smith Wealth Management acquired a new stake in Blackstone Mortgage Trust during the second quarter valued at about $221,000. Finally, Apollon Wealth Management LLC raised its stake in Blackstone Mortgage Trust by 108.2% in the second quarter. Apollon Wealth Management LLC now owns 24,863 shares of the investment trust’s stock valued at $688,000 after acquiring an additional 12,921 shares during the period. 54.01% of the stock is currently owned by private investors and mutual funds.

Buying and Selling

In news, Chief Executive Officer Katharine A. Keenan sold 2,299 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $23.53, for a total price of $54,095.47. Following the purchase, the chief executive officer now owns 168,420 shares of the company’s stock, valued at $3,962,922.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Katharine A. Keenan sold 2,299 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $23.53, for a total price of $54,095.47. Following the purchase, the chief executive officer now owns 168,420 shares of the company’s stock, valued at $3,962,922.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chief Executive Katharine A. Keenan sold 1,159 shares of the firm’s stock in a transaction on Tuesday, December 6. The stock traded at an average price of $23.61, for four Total sales were $27,363.99. Following the sale, the CEO now directly owns 170,719 shares of the company’s stock, valued at $4,030,675.59. Information can be found for this purchase here. In the last quarter, insiders sold 4,753 shares of company stock worth $112,544. 1.06% of the stock is held by institutional investors.

Change Classification

Many analysts have weighed in on BXMT shares. JPMorgan Chase & Co. reduced their price target on shares of Blackstone Mortgage Trust from $30.00 to $27.50 and set a “neutral” rating for the company in a research note on Monday, October 24th. TheStreet cut shares of Blackstone Mortgage Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, December 6th. BTIG Research reduced their price target on shares of Blackstone Mortgage Trust from $32.00 to $28.00 in a research note on Wednesday, October 26th. Keefe, Bruyette & Woods cut shares of Blackstone Mortgage Trust from an “outperform” rating to a “buy” rating and set a $26.00 price target for the company. in a research note on Thursday, December 15th. At last, StockNews.com began coverage on shares of Blackstone Mortgage Trust in a report on Wednesday, October 12th. They set a “stop” target for the company.

Blackstone Mortgage Trust Price Performance

NYSE:BXMT opens at $23.50 on Monday. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 9.51 and a beta of 1.27. The company has a 50-day price of $23.29 and a 200-day moving average price of $25.88. Blackstone Mortgage Trust, Inc. it has a 1-year low of $20.87 and a 1-year high of $32.90.

Blackstone Mortgage Trust (NYSE:BXMTGet the Badge) last announced its earnings results on Wednesday, October 26th. Earnings per share for the quarter were $0.71, topping the consensus estimate of $0.67 to $0.04. Blackstone Mortgage Trust has a profit margin of 39.99% and a yield of 9.33%. In the same quarter last year, the business earned $0.57 per share. On average, sell-side analysts expect that Blackstone Mortgage Trust, Inc. will post 2.52 earnings per share for the current fiscal year.

Blackstone Mortgage Trust Video Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 13. Investors of record on Friday, December 30th were issued a $0.62 dividend. It costs $2.48 annually and yields 10.55%. The distribution date of this dividend is Thursday, December 29th. Blackstone Mortgage Trust’s current payout ratio is 100.40%.

Blackstone Mortgage Trust Profile

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Blackstone Mortgage Trust, Inc. is a commercial mortgage company engaged in the origination of commercial mortgage-backed mortgage loans. Its purpose is to preserve and protect shareholders’ capital while generating risk-adjusted dividends based on existing earnings. now from his loan file.

Special Issue

Corporate Quarterly for Blackstone Mortgage Trust (NYSE:BXMT)

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