BNP Paribas Financial Markets Sells 74,463 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

BNP Paribas Financial Markets lowered its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 53.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,600 shares of the real estate investment trust's stock after selling 74,463 shares during the quarter. BNP Paribas Financial Markets' holdings in Blackstone Mortgage Trust were worth $1,228,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BXMT. Harbor Capital Advisors Inc. purchased a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at approximately $39,000. Wellington Shields & Co. LLC boosted its position in Blackstone Mortgage Trust by 98.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust's stock worth $79,000 after acquiring an additional 2,255 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at about $87,000. Future Financial Wealth Managment LLC bought a new position in shares of Blackstone Mortgage Trust in the 3rd quarter valued at approximately $95,000. Finally, Sei Investments Co. bought a new position in Blackstone Mortgage Trust in the 2nd quarter worth approximately $184,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company increased their target price on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.08.

Blackstone Mortgage Trust Trading Up 0.4 %

Shares of BXMT traded up $0.07 on Tuesday, reaching $18.94. 1,743,582 shares of the company's stock traded hands, compared to its average volume of 1,899,868. The stock's 50 day simple moving average is $18.54 and its two-hundred day simple moving average is $18.27. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $23.29. The stock has a market cap of $3.28 billion, a PE ratio of -13.63 and a beta of 1.50.

Blackstone Mortgage Trust 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.