Edgestream Partners L.P. Has $1.69 Million Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Edgestream Partners L.P. reduced its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 36.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,810 shares of the real estate investment trust's stock after selling 50,799 shares during the quarter. Edgestream Partners L.P. owned approximately 0.05% of Blackstone Mortgage Trust worth $1,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in Blackstone Mortgage Trust by 7.7% during the first 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 during the period. Cetera Advisors LLC raised its stake in shares of Blackstone Mortgage Trust by 29.5% in the 1st quarter. Cetera Advisors LLC now owns 12,381 shares of the real estate investment trust's stock valued at $247,000 after acquiring an additional 2,824 shares during the period. QRG Capital Management Inc. raised its stake in shares of Blackstone Mortgage Trust by 1.5% in the 2nd quarter. QRG Capital Management Inc. now owns 210,842 shares of the real estate investment trust's stock valued at $3,673,000 after acquiring an additional 3,032 shares during the period. Maia Wealth LLC purchased a new position in shares of Blackstone Mortgage Trust in the 2nd quarter valued at $321,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Blackstone Mortgage Trust by 6.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,997 shares of the real estate investment trust's stock valued at $505,000 after acquiring an additional 1,648 shares during the period. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Blackstone Mortgage Trust Trading Down 0.1 %

Blackstone Mortgage Trust stock traded down $0.01 during midday trading on Wednesday, reaching $18.80. 959,579 shares of the stock traded hands, compared to its average volume of 1,915,870. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $23.29. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -13.52 and a beta of 1.50. The firm has a fifty day moving average price of $18.58 and a two-hundred day moving average price of $18.24.

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.