Advisors Asset Management Inc. Buys 108,409 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Advisors Asset Management Inc. lifted its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 167.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 173,034 shares of the real estate investment trust's stock after acquiring an additional 108,409 shares during the period. Advisors Asset Management Inc. owned 0.10% of Blackstone Mortgage Trust worth $3,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BXMT. Gamco Investors INC. ET AL grew its holdings 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 purchasing an additional 2,000 shares during the period. Quadrature Capital Ltd grew its stake in shares of Blackstone Mortgage Trust by 229.8% in the 1st quarter. Quadrature Capital Ltd now owns 49,743 shares of the real estate investment trust's stock worth $990,000 after buying an additional 34,659 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Blackstone Mortgage Trust by 7.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,044 shares of the real estate investment trust's stock valued at $1,753,000 after buying an additional 6,276 shares in the last quarter. Cetera Advisors LLC raised its stake in Blackstone Mortgage Trust by 29.5% during the first quarter. Cetera Advisors LLC now owns 12,381 shares of the real estate investment trust's stock valued at $247,000 after buying an additional 2,824 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. purchased a new stake in shares of Blackstone Mortgage Trust in the first quarter worth $2,803,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock 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 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 Performance

Shares of NYSE:BXMT traded down $0.12 during midday trading on Friday, reaching $18.66. 1,541,709 shares of the company's stock traded hands, compared to its average volume of 1,392,639. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $23.29. The stock has a 50 day moving average of $18.69 and a 200 day moving average of $18.19. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -13.42 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.