GFS Advisors LLC Purchases 453,430 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

GFS Advisors LLC grew its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 9,068.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,430 shares of the real estate investment trust's stock after buying an additional 453,430 shares during the period. Blackstone Mortgage Trust makes up about 1.9% of GFS Advisors LLC's holdings, making the stock its 22nd biggest holding. GFS Advisors LLC owned 0.27% of Blackstone Mortgage Trust worth $8,715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in BXMT. Park Place Capital Corp bought a new position in Blackstone Mortgage Trust in the 2nd quarter worth $26,000. Versant Capital Management Inc boosted its holdings 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 buying an additional 871 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Blackstone Mortgage Trust in the third quarter worth approximately $39,000. Wellington Shields & Co. LLC raised its stake 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. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Blackstone Mortgage Trust during the 2nd quarter worth approximately $87,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

Insider Transactions at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan purchased 16,000 shares of the business's stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $17.16 per share, for a total transaction of $274,560.00. Following the purchase, the chief executive officer now directly owns 198,960 shares of the company's stock, valued at $3,414,153.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Blackstone Mortgage Trust news, Director Henry N. Nassau purchased 10,000 shares of Blackstone Mortgage Trust stock in a transaction on Thursday, August 8th. The shares were bought at an average price 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. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Katharine A. Keenan purchased 16,000 shares of Blackstone Mortgage Trust stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $17.16 per share, for a total transaction of $274,560.00. Following the acquisition, the chief executive officer now directly owns 198,960 shares of the company's stock, valued at approximately $3,414,153.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 1,495 shares of company stock valued at $27,899. Insiders own 0.93% of the company's stock.

Blackstone Mortgage Trust Trading Up 0.2 %

Blackstone Mortgage Trust stock traded up $0.04 during trading on Friday, hitting $18.25. The company had a trading volume of 1,470,659 shares, compared to its average volume of 1,564,895. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $23.29. The company's 50 day simple moving average is $18.66 and its 200-day simple moving average is $18.16. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -13.13 and a beta of 1.50.

Blackstone Mortgage Trust announced that its board has initiated a stock repurchase program on Wednesday, July 24th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BXMT shares. JMP Securities reiterated a "market perform" rating on shares of Blackstone Mortgage Trust in a research report on Tuesday, July 23rd. Wells Fargo & Company boosted their target price on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, September 20th. Finally, BTIG Research reiterated a "buy" rating and issued a $23.00 price target on shares of Blackstone Mortgage Trust in a report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.08.

Blackstone Mortgage Trust Company 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.