Charles Schwab Investment Management Inc. Sells 364,488 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Charles Schwab Investment Management Inc. cut its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 13.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,413,347 shares of the real estate investment trust’s stock after selling 364,488 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Blackstone Mortgage Trust were worth $45,878,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BXMT. Park Place Capital Corp acquired a new position in shares of Blackstone Mortgage Trust during the second quarter worth approximately $26,000. Versant Capital Management Inc boosted its stake in Blackstone Mortgage Trust by 66.4% in the second quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 871 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Blackstone Mortgage Trust in the third quarter worth $39,000. Wellington Shields & Co. LLC increased its holdings in Blackstone Mortgage Trust by 98.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 2,255 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at approximately $87,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $19.22 on Monday. The firm has a fifty day moving average of $18.63 and a 200 day moving average of $18.23. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $23.29. The firm has a market capitalization of $3.32 billion, a PE ratio of -13.83 and a beta of 1.50.

About Blackstone Mortgage Trust

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.