Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 98.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 136,342 shares of the real estate investment trust’s stock after selling 6,885,758 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Blackstone Mortgage Trust worth $2,592,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in shares of Blackstone Mortgage Trust by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,044 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 6,276 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Blackstone Mortgage Trust by 29.5% during the 1st quarter. Cetera Advisors LLC now owns 12,381 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 2,824 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Blackstone Mortgage Trust in the 1st quarter worth approximately $2,803,000. Transcend Capital Advisors LLC increased its holdings in shares of Blackstone Mortgage Trust by 160.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 69,264 shares of the real estate investment trust’s stock valued at $1,207,000 after acquiring an additional 42,623 shares during the last quarter. Finally, Park Place Capital Corp acquired a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at approximately $26,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their price objective on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $20.08.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $19.14 on Wednesday. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.53 and a 1 year high of $23.29. The firm has a fifty day moving average of $18.67 and a 200-day moving average of $18.21. The company has a market cap of $3.31 billion, a price-to-earnings ratio of -13.77 and a beta of 1.50.

Blackstone Mortgage Trust 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.