Charles Schwab Investment Management Inc. Sells 364,488 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Charles Schwab Investment Management Inc. decreased its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 13.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,413,347 shares of the real estate investment trust’s stock after selling 364,488 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.40% of Blackstone Mortgage Trust worth $45,878,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter worth approximately $821,000. Advisors Asset Management Inc. lifted its holdings in shares of Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock worth $3,289,000 after buying an additional 108,409 shares in the last quarter. Quest Partners LLC grew its position in shares of Blackstone Mortgage Trust by 1,700.7% during the 3rd quarter. Quest Partners LLC now owns 18,907 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 17,857 shares in the last quarter. Chesapeake Capital Corp IL bought a new position in Blackstone Mortgage Trust during the 3rd quarter worth $375,000. Finally, Natixis Advisors LLC bought a new stake in Blackstone Mortgage Trust during the third quarter worth about $211,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

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 report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.08.

Blackstone Mortgage Trust Price Performance

BXMT opened at $19.22 on Monday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $23.29. The company’s 50 day moving average price is $18.63 and its two-hundred day moving average price is $18.23. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of -13.83 and a beta of 1.50.

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.