Weiss Asset Management LP Purchases Shares of 101,908 Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Weiss Asset Management LP purchased a new stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 101,908 shares of the real estate investment trust's stock, valued at approximately $1,937,000. Weiss Asset Management LP owned 0.06% of Blackstone Mortgage Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BXMT. Harbor Capital Advisors Inc. acquired a new stake in Blackstone Mortgage Trust in the third quarter worth $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 buying an additional 2,255 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Blackstone Mortgage Trust during the second quarter worth about $87,000. Future Financial Wealth Managment LLC acquired a new position in Blackstone Mortgage Trust in the third quarter valued at about $95,000. Finally, Sei Investments Co. bought a new stake in shares of Blackstone Mortgage Trust in the second quarter worth about $184,000. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Stock Up 0.4 %

Shares of NYSE:BXMT traded up $0.08 during mid-day trading on Friday, reaching $18.74. 902,475 shares of the stock were exchanged, compared to its average volume of 1,268,181. The stock's 50 day simple moving average is $18.54 and its 200-day simple moving average is $18.25. Blackstone Mortgage Trust, Inc. has a one year low of $16.53 and a one year high of $23.29.

Analyst Ratings Changes

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

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.