Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Given Average Rating of “Moderate Buy” by Analysts

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $21.3750.

BXMT has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Weiss Ratings cut Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. UBS Group initiated coverage on Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $21.00 target price for the company. Finally, Zacks Research cut Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, President Fernando Austin Pena sold 1,666 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $18.88, for a total value of $31,454.08. Following the sale, the president owned 76,967 shares in the company, valued at approximately $1,453,136.96. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.18% of the company’s stock.

Institutional Investors Weigh In On Blackstone Mortgage Trust

A number of institutional investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter valued at about $286,000. Bank of America Corp DE grew its position in shares of Blackstone Mortgage Trust by 21.9% in the 1st quarter. Bank of America Corp DE now owns 1,297,062 shares of the real estate investment trust’s stock valued at $24,839,000 after buying an additional 233,357 shares during the last quarter. Edgestream Partners L.P. grew its position in shares of Blackstone Mortgage Trust by 75.7% in the 1st quarter. Edgestream Partners L.P. now owns 238,916 shares of the real estate investment trust’s stock valued at $4,575,000 after buying an additional 102,904 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Blackstone Mortgage Trust by 14.1% in the 1st quarter. Arkadios Wealth Advisors now owns 14,874 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 1,833 shares during the last quarter. Finally, Amundi grew its position in shares of Blackstone Mortgage Trust by 30.1% in the 1st quarter. Amundi now owns 33,705 shares of the real estate investment trust’s stock valued at $645,000 after buying an additional 7,804 shares during the last quarter. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Down 0.0%

Shares of BXMT opened at $18.35 on Monday. Blackstone Mortgage Trust has a 12-month low of $17.67 and a 12-month high of $20.67. The business has a 50-day simple moving average of $18.85 and a two-hundred day simple moving average of $19.24. The stock has a market cap of $3.10 billion, a PE ratio of 30.08 and a beta of 0.89.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.