Charles Schwab Investment Management Inc. Reduces Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Charles Schwab Investment Management Inc. reduced its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 13.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,413,347 shares of the real estate investment trust's stock after selling 364,488 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.40% of Blackstone Mortgage Trust worth $45,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BXMT. True North Advisors LLC raised its stake in shares of Blackstone Mortgage Trust by 2.7% during the third quarter. True North Advisors LLC now owns 23,435 shares of the real estate investment trust's stock valued at $446,000 after acquiring an additional 619 shares in the last quarter. Versant Capital Management Inc raised its stake 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 acquiring an additional 871 shares in the last quarter. AQR Capital Management LLC increased its holdings in Blackstone Mortgage Trust by 2.5% during the second quarter. AQR Capital Management LLC now owns 44,940 shares of the real estate investment trust's stock valued at $783,000 after buying an additional 1,111 shares during the period. Arizona State Retirement System increased its holdings in Blackstone Mortgage Trust by 2.7% during the second quarter. Arizona State Retirement System now owns 46,190 shares of the real estate investment trust's stock valued at $805,000 after buying an additional 1,206 shares during the period. Finally, Park Place Capital Corp purchased a new position in Blackstone Mortgage Trust during the second quarter valued at approximately $26,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Price Performance

NYSE BXMT traded down $0.13 on Monday, hitting $19.09. The stock had a trading volume of 1,483,297 shares, compared to its average volume of 1,924,013. The business's fifty day moving average price is $18.62 and its 200 day moving average price is $18.23. 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 $3.30 billion, a price-to-earnings ratio of -13.73 and a beta of 1.50.

Wall Street Analysts Forecast Growth

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

About Blackstone Mortgage Trust

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.