Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Stock Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,533 shares of the real estate investment trust’s stock after selling 1,939 shares during the quarter. Victory Capital Management Inc.’s holdings in Blackstone Mortgage Trust were worth $656,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BXMT. Park Place Capital Corp acquired a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at approximately $26,000. Harbor Capital Advisors Inc. bought a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $39,000. Versant Capital Management Inc boosted its holdings in shares of Blackstone Mortgage Trust by 66.4% in the 2nd quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 871 shares during the period. Wellington Shields & Co. LLC boosted its holdings in shares of Blackstone Mortgage Trust by 98.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,255 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at about $87,000. Institutional investors own 64.15% of the company’s stock.

Analyst Ratings Changes

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

Blackstone Mortgage Trust Stock Up 0.5 %

BXMT stock opened at $19.24 on Friday. The firm’s 50-day simple moving average is $18.65 and its 200 day simple moving average is $18.22. 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 fifty-two week low of $16.53 and a fifty-two week high of $23.29.

About Blackstone Mortgage Trust

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.