89,186 Shares in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased 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 filing with the Securities and Exchange Commission. The firm purchased 89,186 shares of the real estate investment trust's stock, valued at approximately $1,695,000. Sequoia Financial Advisors LLC owned approximately 0.05% of Blackstone Mortgage Trust at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Park Place Capital Corp bought a new stake in Blackstone Mortgage Trust during the 2nd quarter worth approximately $26,000. Versant Capital Management Inc grew its stake in shares of Blackstone Mortgage Trust by 66.4% in the second quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 871 shares during the last quarter. Wellington Shields & Co. LLC grew its stake in shares of Blackstone Mortgage Trust by 98.0% in the second quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust's stock worth $79,000 after purchasing an additional 2,255 shares during the last quarter. Covestor Ltd increased its holdings in Blackstone Mortgage Trust by 60.0% in the first quarter. Covestor Ltd now owns 4,880 shares of the real estate investment trust's stock valued at $97,000 after purchasing an additional 1,830 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in Blackstone Mortgage Trust during the 2nd quarter worth $87,000. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Timothy Steven Johnson purchased 57,050 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $17.50 per share, for a total transaction of $998,375.00. Following the purchase, the director now owns 423,251 shares of the company's stock, valued at $7,406,892.50. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Henry N. Nassau purchased 10,000 shares of the business's stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $17.52 per share, with a total value of $175,200.00. Following the completion of the acquisition, the director now directly owns 165,557 shares of the company's stock, valued at approximately $2,900,558.64. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy Steven Johnson acquired 57,050 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $17.50 per share, for a total transaction of $998,375.00. Following the acquisition, the director now directly owns 423,251 shares in the company, valued at $7,406,892.50. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 83,050 shares of company stock valued at $1,448,135 and have sold 1,495 shares valued at $27,899. 0.93% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BXMT has been the topic of a number of recent analyst reports. BTIG Research reissued a "buy" rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a research note on Friday, July 19th. Wells Fargo & Company boosted their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, September 20th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Tuesday, July 23rd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $20.08.

Blackstone Mortgage Trust Trading Down 2.0 %

Shares of BXMT traded down $0.38 during trading hours on Friday, reaching $18.55. 1,323,393 shares of the stock traded hands, compared to its average volume of 1,985,454. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $23.29. The stock has a fifty day simple moving average of $18.58 and a 200 day simple moving average of $18.17. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -20.61 and a beta of 1.50.

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. Blackstone Mortgage Trust had a positive return on equity of 10.16% and a negative net margin of 7.98%. The business had revenue of $466.15 million for the quarter, compared to analysts' expectations of $131.87 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Analysts predict that Blackstone Mortgage Trust, Inc. will post 1.94 earnings per share for the current fiscal year.

Blackstone Mortgage Trust declared that its board has authorized a stock buyback program on Wednesday, July 24th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

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.