Blackstone Mortgage Trust (NYSE:BXMT) Now Covered by StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Blackstone Mortgage Trust (NYSE:BXMT – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on BXMT. Keefe, Bruyette & Woods downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating and set a $26.00 price target on the stock. in a research note on Thursday, December 15th. TheStreet downgraded Blackstone Mortgage Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, December 6th. Finally, Citigroup cut their price target on Blackstone Mortgage Trust from $28.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 13th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, Blackstone Mortgage Trust presently has an average rating of “Hold” and a consensus price target of $26.50.

Blackstone Mortgage Trust Price Performance

BXMT opened at $18.00 on Thursday. The business has a 50 day simple moving average of $22.24 and a two-hundred day simple moving average of $23.88. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 12.59 and a beta of 1.34. Blackstone Mortgage Trust has a one year low of $17.30 and a one year high of $32.90.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, Director Michael B. Nash bought 50,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were acquired at an average cost of $18.86 per share, for a total transaction of $943,000.00. Following the purchase, the director now owns 468,455 shares in the company, valued at approximately $8,835,061.30. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Blackstone Mortgage Trust news, Director Henry N. Nassau purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were acquired at an average cost of $17.81 per share, with a total value of $178,100.00. Following the completion of the acquisition, the director now directly owns 127,348 shares in the company, valued at $2,268,067.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael B. Nash purchased 50,000 shares of the firm’s stock in a transaction on Monday, March 13th. The shares were acquired at an average cost of $18.86 per share, for a total transaction of $943,000.00. Following the completion of the acquisition, the director now owns 468,455 shares of the company’s stock, valued at $8,835,061.30. The disclosure for this purchase can be found here. Company insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. HWG Holdings LP bought a new stake in Blackstone Mortgage Trust in the third quarter worth about $26,000. EverSource Wealth Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 4,842.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 1,598 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in shares of Blackstone Mortgage Trust during the fourth quarter valued at $38,000. GPS Wealth Strategies Group LLC boosted its holdings in Blackstone Mortgage Trust by 140.1% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,861 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,086 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in Blackstone Mortgage Trust in the third quarter valued at $43,000. Hedge funds and other institutional investors own 54.01% of the company’s stock.

About Blackstone Mortgage Trust

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Blackstone Mortgage Trust, Inc is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio.