Intech Investment Management LLC acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 43,198 shares of the real estate investment trust's stock, valued at approximately $821,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BXMT. Advisors Asset Management Inc. raised its position in shares of Blackstone Mortgage Trust by 167.8% during the third quarter. Advisors Asset Management Inc. now owns 173,034 shares of the real estate investment trust's stock worth $3,289,000 after purchasing an additional 108,409 shares during the period. Quest Partners LLC raised its holdings in Blackstone Mortgage Trust by 1,700.7% during the 3rd quarter. Quest Partners LLC now owns 18,907 shares of the real estate investment trust's stock worth $359,000 after buying an additional 17,857 shares during the period. Chesapeake Capital Corp IL bought a new position in Blackstone Mortgage Trust in the third quarter valued at approximately $375,000. Natixis Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $211,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust in the third quarter valued at approximately $715,000. 64.15% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, Wells Fargo & Company boosted their price objective on shares of 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of "Hold" and a consensus price target of $20.08.
View Our Latest Research Report on Blackstone Mortgage Trust
Blackstone Mortgage Trust Stock Down 0.1 %
BXMT stock traded down $0.02 during midday trading on Friday, hitting $19.22. The company's stock had a trading volume of 1,354,613 shares, compared to its average volume of 1,925,910. The company's fifty day moving average price is $18.65 and its 200 day moving average price is $18.22. Blackstone Mortgage Trust, Inc. has a twelve month low of $16.53 and a twelve month high of $23.29.
Blackstone Mortgage Trust Company Profile
(
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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