Mutual of America Capital Management LLC Has $496,000 Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Mutual of America Capital Management LLC trimmed its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 8.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 26,114 shares of the real estate investment trust’s stock after selling 2,417 shares during the period. Mutual of America Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $496,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at about $211,000. Sheaff Brock Investment Advisors LLC acquired a new position in Blackstone Mortgage Trust during the third quarter valued at approximately $715,000. Entropy Technologies LP lifted its stake in shares of Blackstone Mortgage Trust by 31.3% in the third quarter. Entropy Technologies LP now owns 72,432 shares of the real estate investment trust’s stock worth $1,377,000 after buying an additional 17,259 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Blackstone Mortgage Trust by 2.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 367,806 shares of the real estate investment trust’s stock worth $6,992,000 after acquiring an additional 7,732 shares during the period. Finally, Tyler Stone Wealth Management boosted its stake in Blackstone Mortgage Trust by 100.0% during the 3rd quarter. Tyler Stone Wealth Management now owns 22,338 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 11,169 shares during the period. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 0.5 %

BXMT opened at $19.24 on Thursday. The stock has a market cap of $3.33 billion, a PE ratio of -13.84 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.53 and a 1 year high of $23.29. The stock’s 50 day simple moving average is $18.67 and its 200-day simple moving average is $18.22.

Wall Street Analyst Weigh In

Separately, 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. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.08.

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.