34,805 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,805 shares of the real estate investment trust’s stock, valued at approximately $740,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BXMT. Central Bank & Trust Co. bought a new position in shares of Blackstone Mortgage Trust during the fourth quarter valued at $25,000. Cape Investment Advisory Inc. bought a new stake in Blackstone Mortgage Trust during the 4th quarter valued at about $42,000. GAMMA Investing LLC bought a new stake in Blackstone Mortgage Trust during the 4th quarter valued at about $45,000. Sandy Spring Bank raised its holdings in Blackstone Mortgage Trust by 10,652.0% in the fourth quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 2,663 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth approximately $145,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Insider Activity

In related news, CEO Katharine A. Keenan sold 2,259 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $17.04, for a total value of $38,493.36. Following the transaction, the chief executive officer now directly owns 189,764 shares of the company’s stock, valued at approximately $3,233,578.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Katharine A. Keenan sold 2,259 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $17.04, for a total transaction of $38,493.36. Following the completion of the transaction, the chief executive officer now directly owns 189,764 shares in the company, valued at approximately $3,233,578.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 2,296 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $17.04, for a total transaction of $39,123.84. Following the sale, the chief executive officer now owns 187,468 shares in the company, valued at approximately $3,194,454.72. The disclosure for this sale can be found here. Insiders sold a total of 5,547 shares of company stock valued at $94,521 in the last 90 days. Company insiders own 0.93% of the company’s stock.

Blackstone Mortgage Trust Trading Down 0.9 %

Shares of NYSE BXMT opened at $17.42 on Monday. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.70 and a 12-month high of $23.82. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 580.67 and a beta of 1.47. The firm has a 50 day moving average of $17.93 and a 200 day moving average of $19.66.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BXMT. BTIG Research cut their target price on Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods reduced their price objective on Blackstone Mortgage Trust from $20.50 to $18.00 and set a “market perform” rating for the company in a report on Friday, April 26th. UBS Group dropped their price target on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Bank of America cut shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $21.00 in a report on Monday, March 4th. Finally, Wells Fargo & Company dropped their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.93.

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.