Amundi Sells 17,796 Shares of Blackstone Mortgage Trust, Inc. $BXMT

Amundi cut its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 20.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,424 shares of the real estate investment trust’s stock after selling 17,796 shares during the period. Amundi’s holdings in Blackstone Mortgage Trust were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Dark Forest Capital Management LP raised its stake in shares of Blackstone Mortgage Trust by 1,253.5% in the first quarter. Dark Forest Capital Management LP now owns 330,257 shares of the real estate investment trust’s stock worth $6,605,000 after acquiring an additional 305,857 shares during the last quarter. Caption Management LLC raised its stake in shares of Blackstone Mortgage Trust by 148.4% during the first quarter. Caption Management LLC now owns 20,000 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 61,300 shares during the last quarter. Cura Wealth Advisors LLC raised its stake in shares of Blackstone Mortgage Trust by 3.8% during the first quarter. Cura Wealth Advisors LLC now owns 190,299 shares of the real estate investment trust’s stock worth $3,806,000 after buying an additional 7,000 shares during the last quarter. State of Wyoming bought a new stake in shares of Blackstone Mortgage Trust during the first quarter worth approximately $447,000. Finally, Ieq Capital LLC raised its stake in shares of Blackstone Mortgage Trust by 27.0% during the first quarter. Ieq Capital LLC now owns 27,179 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 5,773 shares during the last quarter. 64.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of Blackstone Mortgage Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods dropped their price target on shares of Blackstone Mortgage Trust from $20.00 to $19.50 and set a “market perform” rating for the company in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.00.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $19.20, for a total value of $29,126.40. Following the completion of the sale, the chief financial officer owned 64,082 shares of the company’s stock, valued at approximately $1,230,374.40. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Katharine A. Keenan sold 2,315 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $19.25, for a total transaction of $44,563.75. Following the completion of the sale, the chief executive officer directly owned 234,599 shares of the company’s stock, valued at $4,516,030.75. The trade was a 0.98% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,069 shares of company stock valued at $231,343 in the last ninety days. Insiders own 1.02% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $19.51 on Friday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.51 and a 52 week high of $21.24. The company has a market capitalization of $3.35 billion, a PE ratio of -278.71 and a beta of 1.16. The company has a 50 day moving average price of $19.34 and a two-hundred day moving average price of $19.33.

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.