Signaturefd LLC Sells 2,042 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Signaturefd LLC cut its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 24.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,177 shares of the real estate investment trust’s stock after selling 2,042 shares during the quarter. Signaturefd LLC’s holdings in Blackstone Mortgage Trust were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BXMT. Park Place Capital Corp purchased a new stake in shares of Blackstone Mortgage Trust during the second quarter valued at $26,000. Versant Capital Management Inc boosted its position 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 worth $38,000 after purchasing an additional 871 shares during the last quarter. Wellington Shields & Co. LLC boosted its position in Blackstone Mortgage Trust by 98.0% in the second quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,255 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Blackstone Mortgage Trust in the second quarter worth about $87,000. Finally, Future Financial Wealth Managment LLC purchased a new position in Blackstone Mortgage Trust in the third quarter worth about $95,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BXMT has been the topic of several research reports. BTIG Research reissued a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a research report on Friday, July 19th. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Tuesday, July 23rd. Finally, Wells Fargo & Company lifted their price objective 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.08.

Blackstone Mortgage Trust Trading Up 0.1 %

Shares of BXMT opened at $18.57 on Tuesday. The business’s 50 day moving average is $18.61 and its 200 day moving average is $18.15. The company has a market capitalization of $3.21 billion, a PE ratio of -13.36 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $23.29.

Blackstone Mortgage Trust declared that its Board of Directors has approved a stock buyback plan on Wednesday, July 24th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Blackstone Mortgage Trust

In other news, Director Timothy Steven Johnson acquired 57,050 shares of Blackstone Mortgage Trust stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $17.50 per share, with a total value of $998,375.00. Following the purchase, the director now directly owns 423,251 shares in the company, valued at $7,406,892.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Timothy Steven Johnson bought 57,050 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of $17.50 per share, for a total transaction of $998,375.00. Following the acquisition, the director now owns 423,251 shares in the company, valued at $7,406,892.50. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Katharine A. Keenan bought 16,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $17.16 per share, with a total value of $274,560.00. Following the acquisition, the chief executive officer now owns 198,960 shares in the company, valued at approximately $3,414,153.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 83,050 shares of company stock valued at $1,448,135 and have sold 1,495 shares valued at $27,899. 0.93% of the stock is owned by corporate insiders.

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.