Signaturefd LLC Has $117,000 Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Signaturefd LLC cut its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 24.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,177 shares of the real estate investment trust’s stock after selling 2,042 shares during the period. Signaturefd LLC’s holdings in Blackstone Mortgage Trust were worth $117,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Park Place Capital Corp acquired a new stake in Blackstone Mortgage Trust in the 2nd quarter valued at $26,000. Versant Capital Management Inc increased its position in shares of Blackstone Mortgage Trust by 66.4% during the second 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 increased its position in shares of Blackstone Mortgage Trust by 98.0% during the second 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. Ashton Thomas Private Wealth LLC bought a new stake in shares of Blackstone Mortgage Trust during the second quarter valued at about $87,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Blackstone Mortgage Trust in the third quarter worth approximately $95,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan bought 16,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $17.16 per share, for a total transaction of $274,560.00. Following the completion of the acquisition, the chief executive officer now directly owns 198,960 shares in the company, valued at $3,414,153.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Henry N. Nassau acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $17.52 per share, for a total transaction of $175,200.00. Following the completion of the acquisition, the director now owns 165,557 shares in the company, valued at $2,900,558.64. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Katharine A. Keenan acquired 16,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $17.16 per share, with a total value of $274,560.00. Following the acquisition, the chief executive officer now owns 198,960 shares of the company’s stock, valued at $3,414,153.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 83,050 shares of company stock worth $1,448,135 and sold 1,495 shares worth $27,899. 0.93% of the stock is owned by corporate insiders.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT opened at $18.57 on Tuesday. The firm has a market cap of $3.21 billion, a PE ratio of -13.36 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. The business has a 50 day moving average price of $18.61 and a 200-day moving average price of $18.15.

Blackstone Mortgage Trust declared that its Board of Directors has authorized a stock repurchase plan 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 repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BXMT. BTIG Research restated a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a research report on Friday, July 19th. JMP Securities reaffirmed a “market perform” rating on shares of Blackstone Mortgage Trust in a research note on Tuesday, July 23rd. Finally, Wells Fargo & Company upped their target price 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Blackstone Mortgage Trust presently has an average rating of “Hold” and a consensus 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.