State Street Corp Lowers Stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

State Street Corp lessened its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 0.1% during the third quarter, Holdings Channel.com reports. The firm owned 6,583,104 shares of the real estate investment trust’s stock after selling 7,292 shares during the quarter. State Street Corp’s holdings in Blackstone Mortgage Trust were worth $128,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BXMT. Artemis Investment Management LLP bought a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter worth approximately $24,103,000. Point72 Asset Management L.P. purchased a new position in Blackstone Mortgage Trust during the second quarter valued at $10,656,000. GFS Advisors LLC boosted its holdings in Blackstone Mortgage Trust by 9,068.6% in the third 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 in the last quarter. Choreo LLC purchased a new stake in shares of Blackstone Mortgage Trust in the second quarter worth $6,983,000. Finally, Westwood Holdings Group Inc. bought a new position in shares of Blackstone Mortgage Trust during the second quarter valued at $4,790,000. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Up 0.1 %

Shares of BXMT stock opened at $19.29 on Friday. The company has a 50 day moving average price of $18.61 and a 200-day moving average price of $18.31. 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 $3.34 billion, a PE ratio of -13.88 and a beta of 1.50.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Wednesday. Wells Fargo & Company increased their price target on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.07.

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.