Geode Capital Management LLC decreased its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,926,387 shares of the real estate investment trust’s stock after selling 60,086 shares during the period. Geode Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $75,122,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Blackstone Mortgage Trust by 36.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 578,444 shares of the real estate investment trust’s stock valued at $10,649,000 after acquiring an additional 155,421 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in Blackstone Mortgage Trust in the 3rd quarter valued at about $2,991,000. Bamco Inc. NY raised its holdings in Blackstone Mortgage Trust by 6.4% in the 3rd quarter. Bamco Inc. NY now owns 1,696,314 shares of the real estate investment trust’s stock valued at $31,229,000 after acquiring an additional 101,701 shares during the last quarter. SG Americas Securities LLC raised its holdings in Blackstone Mortgage Trust by 2,836.1% in the 4th quarter. SG Americas Securities LLC now owns 214,626 shares of the real estate investment trust’s stock valued at $4,106,000 after acquiring an additional 207,316 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Blackstone Mortgage Trust by 9.0% in the 3rd quarter. Van ECK Associates Corp now owns 865,464 shares of the real estate investment trust’s stock valued at $15,933,000 after acquiring an additional 71,584 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.
Blackstone Mortgage Trust Price Performance
Shares of NYSE BXMT opened at $18.05 on Tuesday. The company has a 50 day simple moving average of $18.91 and a 200-day simple moving average of $19.25. The company has a market capitalization of $3.04 billion, a P/E ratio of 29.58 and a beta of 0.89. Blackstone Mortgage Trust, Inc. has a 1 year low of $17.67 and a 1 year high of $20.67.
Blackstone Mortgage Trust Announces Dividend
Analyst Ratings Changes
A number of research firms have commented on BXMT. JPMorgan Chase & Co. cut their price objective on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Zacks Research downgraded shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. BTIG Research restated a “buy” rating and set a $23.00 price target on shares of Blackstone Mortgage Trust in a report on Tuesday, February 10th. UBS Group assumed coverage on shares of Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $21.00 price target for the company. Finally, Weiss Ratings downgraded shares of Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.38.
Read Our Latest Research Report on BXMT
Insider Buying and Selling at Blackstone Mortgage Trust
In related news, President Fernando Austin Pena sold 1,666 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $18.88, for a total transaction of $31,454.08. Following the completion of the transaction, the president owned 76,967 shares of the company’s stock, valued at approximately $1,453,136.96. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.
Blackstone Mortgage Trust Profile
Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.
The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.
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