US Bancorp DE Sells 2,125 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

US Bancorp DE lowered its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 32.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,333 shares of the real estate investment trust’s stock after selling 2,125 shares during the period. US Bancorp DE’s holdings in Blackstone Mortgage Trust were worth $82,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BXMT. ProShare Advisors LLC grew its stake in shares of Blackstone Mortgage Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 34,760 shares of the real estate investment trust’s stock valued at $692,000 after purchasing an additional 2,397 shares during the period. Covestor Ltd grew its position in Blackstone Mortgage Trust by 60.0% during the first quarter. Covestor Ltd now owns 4,880 shares of the real estate investment trust’s stock valued at $97,000 after buying an additional 1,830 shares during the period. Texas Capital Bank Wealth Management Services Inc grew its position in Blackstone Mortgage Trust by 400.0% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 50,000 shares of the real estate investment trust’s stock valued at $996,000 after buying an additional 40,000 shares during the period. UniSuper Management Pty Ltd purchased a new stake in Blackstone Mortgage Trust during the first quarter valued at approximately $1,069,000. Finally, Gamco Investors INC. ET AL raised its position in Blackstone Mortgage Trust by 10.6% in the first quarter. Gamco Investors INC. ET AL now owns 20,880 shares of the real estate investment trust’s stock worth $416,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on BXMT. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a report on Tuesday, July 23rd. Wells Fargo & Company raised their price objective on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.08.

Blackstone Mortgage Trust Stock Down 1.8 %

NYSE BXMT opened at $17.85 on Friday. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $23.29. The business has a 50-day moving average price of $18.70 and a 200-day moving average price of $18.17. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of -12.84 and a beta of 1.50.

Blackstone Mortgage Trust declared that its Board of Directors has authorized a share buyback program on Wednesday, July 24th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy up to 4.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.