Thrivent Financial for Lutherans lessened its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 98.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,342 shares of the real estate investment trust's stock after selling 6,885,758 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Blackstone Mortgage Trust worth $2,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in Blackstone Mortgage Trust by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 88,044 shares of the real estate investment trust's stock worth $1,753,000 after purchasing an additional 6,276 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of 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 worth $247,000 after acquiring an additional 2,824 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new position in shares of Blackstone Mortgage Trust during the first quarter worth $2,803,000. Transcend Capital Advisors LLC increased its holdings in Blackstone Mortgage Trust by 160.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 69,264 shares of the real estate investment trust's stock valued at $1,207,000 after acquiring an additional 42,623 shares during the last quarter. Finally, Park Place Capital Corp purchased a new stake in Blackstone Mortgage Trust in the 2nd quarter worth $26,000. Institutional investors own 64.15% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company raised their price objective 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $20.08.
Read Our Latest Analysis on BXMT
Blackstone Mortgage Trust Price Performance
Shares of Blackstone Mortgage Trust stock traded up $0.10 during trading hours on Wednesday, reaching $19.24. The company's stock had a trading volume of 1,616,176 shares, compared to its average volume of 1,928,394. The firm has a 50 day moving average price of $18.67 and a 200-day moving average price of $18.22. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $23.29. The stock has a market cap of $3.33 billion, a P/E ratio of -13.84 and a beta of 1.50.
Blackstone Mortgage Trust Company Profile
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Free Report)
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.
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