Quest Partners LLC Purchases 17,857 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Quest Partners LLC boosted its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 1,700.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 18,907 shares of the real estate investment trust’s stock after buying an additional 17,857 shares during the quarter. Quest Partners LLC’s holdings in Blackstone Mortgage Trust were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BXMT. Artemis Investment Management LLP acquired a new position in Blackstone Mortgage Trust during the 3rd quarter valued at about $24,103,000. Van ECK Associates Corp lifted its holdings in Blackstone Mortgage Trust by 4.9% in the third quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after buying an additional 38,436 shares during the period. Point72 Asset Management L.P. bought a new position in Blackstone Mortgage Trust in the second quarter valued at approximately $10,656,000. GFS Advisors LLC grew its holdings in Blackstone Mortgage Trust by 9,068.6% during the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after acquiring an additional 453,430 shares during the period. Finally, Choreo LLC bought a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at $6,983,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Blackstone Mortgage Trust presently has an average rating of “Hold” and an average price target of $20.08.

Blackstone Mortgage Trust Stock Down 0.6 %

Shares of NYSE BXMT opened at $18.66 on Monday. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $23.29. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -13.42 and a beta of 1.50. The company’s fifty day moving average is $18.69 and its 200-day moving average is $18.19.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.