5 Best Dividend Stocks to Buy According to Billionaire Richard Chilton

3. Blackstone Mortgage Trust, Inc. (NYSE: BXMT)

Chilton’s Stake Value: $1,690,000
Percentage of Richard Chilton’s 13F Portfolio: 0.04%
Dividend Yield: 7.38%
Number of Hedge Fund Holders: 16

Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate commercial bank, which provides senior notes guaranteed by commercial properties in North America, Europe, and Australia. It was founded in 1966 and ranks third in our list of 10 best dividend stocks to buy according to billionaire Richard Chilton. Blackstone Mortgage Trust, Inc. shares have gained about 34.70% over the last 12 months.

Just like Apple Inc. (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Microsoft Corporation (NASDAQ: MSFT), Blackstone Mortgage Trust is one of the best stocks to buy according to billionaire Richard Chilton. On March 15, Blackstone Mortgage Trust declared its Q1 2021 dividend of $0.62 per share, in line with the previous. In April, the stock was upgraded to ‘Buy’ at BTIG. 

Richard Chilton’s Chilton Investors currently owns 16,232 shares of Blackstone Mortgage Trust, Inc., worth $1.69 million. Chilton’s hedge fund increased its stake in the company by 11% in the first quarter. At the end of the first quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $209 million in Blackstone Mortgage Trust, Inc. (NYSE: BXMT), down from 17 the preceding quarter worth $141 million.