Cerity Partners LLC Has $1.99 Million Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Cerity Partners LLC trimmed its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,804 shares of the real estate investment trust’s stock after selling 6,269 shares during the period. Cerity Partners LLC owned 0.06% of Blackstone Mortgage Trust worth $1,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BXMT. Intech Investment Management LLC bought a new position in Blackstone Mortgage Trust during the 3rd quarter worth approximately $821,000. Advisors Asset Management Inc. increased its stake in shares of Blackstone Mortgage Trust by 167.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust’s stock worth $3,289,000 after purchasing an additional 108,409 shares during the last quarter. Quest Partners LLC boosted its stake 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 acquiring an additional 17,857 shares during the period. Chesapeake Capital Corp IL bought a new position in shares of Blackstone Mortgage Trust in the third quarter valued at about $375,000. Finally, Natixis Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust during the third quarter worth approximately $211,000. 64.15% of the stock is owned by institutional investors.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT stock opened at $19.09 on Tuesday. The company has a market capitalization of $3.30 billion, a PE ratio of -13.73 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $23.29. The business’s fifty day moving average is $18.62 and its 200 day moving average is $18.23.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their price objective on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has an average rating of “Hold” and an average target price of $20.08.

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.