Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Get Free Report) has earned a consensus recommendation of "Hold" from the eight research firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $20.08.
Separately, Wells Fargo & Company raised 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.
Get Our Latest Stock Report on BXMT
Hedge Funds Weigh In On Blackstone Mortgage Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Artemis Investment Management LLP purchased a new stake in shares of Blackstone Mortgage Trust in the third quarter worth approximately $24,103,000. Van ECK Associates Corp boosted its stake in shares of Blackstone Mortgage Trust by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust's stock valued at $15,737,000 after buying an additional 38,436 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Blackstone Mortgage Trust during the 2nd quarter valued at $10,656,000. Rockefeller Capital Management L.P. increased its stake in shares of Blackstone Mortgage Trust by 1.4% in the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust's stock worth $11,319,000 after acquiring an additional 8,444 shares during the last quarter. Finally, GFS Advisors LLC increased its stake in shares of Blackstone Mortgage Trust by 9,068.6% in the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust's stock worth $8,715,000 after acquiring an additional 453,430 shares during the last quarter. 64.15% of the stock is currently owned by hedge funds and other institutional investors.
Blackstone Mortgage Trust Stock Down 0.2 %
Blackstone Mortgage Trust stock traded down $0.03 during mid-day trading on Wednesday, hitting $18.78. 292,298 shares of the company's stock traded hands, compared to its average volume of 1,912,973. Blackstone Mortgage Trust has a one year low of $16.53 and a one year high of $23.29. The firm has a 50 day moving average price of $18.59 and a 200 day moving average price of $18.23.
Blackstone Mortgage Trust Company Profile
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Get Free ReportBlackstone 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.
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