43,198 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,198 shares of the real estate investment trust’s stock, valued at approximately $821,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised 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 valued at $1,753,000 after acquiring an additional 6,276 shares during the period. Cetera Advisors LLC raised its holdings in Blackstone Mortgage Trust by 29.5% in the first quarter. Cetera Advisors LLC now owns 12,381 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 2,824 shares during the period. Bright Futures Wealth Management LLC. bought a new position in shares of Blackstone Mortgage Trust during the first quarter worth $2,803,000. Transcend Capital Advisors LLC grew 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 buying an additional 42,623 shares during the period. Finally, Park Place Capital Corp bought a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter valued at $26,000. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Up 0.5 %

Shares of NYSE:BXMT opened at $19.24 on Friday. The company’s fifty day simple moving average is $18.65 and its 200 day simple moving average is $18.22. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of -13.84 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.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their target price on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.08.

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.