Aviva PLC raised its holdings in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,603 shares of the real estate investment trust’s stock after buying an additional 7,839 shares during the quarter. Aviva PLC owned 0.15% of Blackstone Mortgage Trust worth $5,851,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Voya Investment Management LLC bought a new stake in Blackstone Mortgage Trust in the 2nd quarter valued at $1,140,000. Botty Investors LLC grew its holdings in shares of Blackstone Mortgage Trust by 2.4% in the 3rd quarter. Botty Investors LLC now owns 329,341 shares of the real estate investment trust’s stock worth $11,240,000 after purchasing an additional 7,695 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of Blackstone Mortgage Trust by 77.3% in the 2nd quarter. Centaurus Financial Inc. now owns 14,355 shares of the real estate investment trust’s stock worth $451,000 after purchasing an additional 6,257 shares during the last quarter. Commonwealth Bank of Australia bought a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $264,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Blackstone Mortgage Trust by 204.7% in the 2nd quarter. Renaissance Technologies LLC now owns 902,780 shares of the real estate investment trust’s stock worth $28,374,000 after purchasing an additional 606,500 shares during the last quarter. 64.12% of the stock is currently owned by hedge funds and other institutional investors.
BXMT has been the topic of several analyst reports. Credit Suisse Group upped their target price on shares of Blackstone Mortgage Trust from $33.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Zacks Investment Research lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Citigroup initiated coverage on shares of Blackstone Mortgage Trust in a report on Friday, October 12th. They issued a “neutral” rating and a $33.00 target price on the stock. BTIG Research initiated coverage on shares of Blackstone Mortgage Trust in a report on Monday, October 8th. They issued a “neutral” rating on the stock. Finally, TheStreet raised shares of Blackstone Mortgage Trust from a “c+” rating to a “b+” rating in a report on Wednesday, October 31st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Blackstone Mortgage Trust currently has a consensus rating of “Buy” and an average target price of $35.25.
BXMT opened at $35.01 on Friday. Blackstone Mortgage Trust Inc has a twelve month low of $29.51 and a twelve month high of $35.70. The stock has a market capitalization of $4.23 billion, a PE ratio of 15.16, a PEG ratio of 2.65 and a beta of 0.45.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The business had revenue of $105.15 million for the quarter, compared to the consensus estimate of $97.06 million. Blackstone Mortgage Trust had a net margin of 50.60% and a return on equity of 9.36%. During the same quarter in the prior year, the company earned $0.69 EPS. On average, research analysts expect that Blackstone Mortgage Trust Inc will post 2.64 earnings per share for the current year.
In related news, Treasurer Douglas N. Armer sold 909 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $34.84, for a total transaction of $31,669.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leonard W. Cotton purchased 3,000 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Wednesday, October 31st. The shares were bought at an average price of $33.87 per share, for a total transaction of $101,610.00. Following the transaction, the director now owns 19,074 shares in the company, valued at $646,036.38. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 2,417 shares of company stock worth $84,309. 0.96% of the stock is owned by corporate insiders.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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