Sheaff Brock Investment Advisors LLC Makes New Investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Sheaff Brock Investment Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,613 shares of the real estate investment trust's stock, valued at approximately $715,000.

Other large investors have also recently bought and sold shares of the company. Park Place Capital Corp acquired a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at approximately $26,000. Versant Capital Management Inc raised its holdings in 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 worth $38,000 after purchasing an additional 871 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Blackstone Mortgage Trust during the third quarter worth $39,000. Wellington Shields & Co. LLC grew its holdings in 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 valued at $79,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Blackstone Mortgage Trust in the second quarter valued at $87,000. Hedge funds and other institutional investors own 64.15% of the company's stock.

Analyst Ratings Changes

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

Blackstone Mortgage Trust Stock Down 1.8 %

Shares of BXMT stock traded down $0.32 during trading hours on Friday, hitting $17.85. 1,696,893 shares of the company were exchanged, compared to its average volume of 1,622,219. The firm has a fifty day moving average of $18.70 and a 200 day moving average of $18.17. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.53 and a 1 year high of $23.29. The firm has a market cap of $3.09 billion, a PE ratio of -12.84 and a beta of 1.50.

Blackstone Mortgage Trust announced that its Board of Directors has initiated a stock buyback plan on Wednesday, July 24th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 4.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership 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.