Bamco Inc. NY Boosts Stake in Blackstone Mortgage Trust, Inc. $BXMT

Bamco Inc. NY boosted its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 6.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,696,314 shares of the real estate investment trust’s stock after purchasing an additional 101,701 shares during the period. Bamco Inc. NY owned about 1.01% of Blackstone Mortgage Trust worth $31,229,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Blackstone Mortgage Trust by 45.5% during the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 536 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Blackstone Mortgage Trust by 1.4% in the third quarter. Arizona State Retirement System now owns 48,234 shares of the real estate investment trust’s stock valued at $888,000 after buying an additional 660 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Blackstone Mortgage Trust by 36.0% in the third quarter. GAMMA Investing LLC now owns 2,926 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 775 shares in the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Blackstone Mortgage Trust by 2.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 37,761 shares of the real estate investment trust’s stock valued at $727,000 after buying an additional 796 shares during the period. Finally, Naples Global Advisors LLC raised its holdings in shares of Blackstone Mortgage Trust by 4.3% in the 3rd quarter. Naples Global Advisors LLC now owns 19,475 shares of the real estate investment trust’s stock valued at $361,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

BXMT opened at $18.56 on Monday. The business has a fifty day moving average price of $19.38 and a 200 day moving average price of $19.19. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.51 and a 12 month high of $21.24. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 28.56 and a beta of 1.06.

Insider Activity at Blackstone Mortgage Trust

In related news, President Fernando Austin Pena sold 3,131 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $19.24, for a total transaction of $60,240.44. Following the sale, the president directly owned 78,633 shares in the company, valued at approximately $1,512,898.92. This represents a 3.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 4,543 shares of company stock worth $88,910 over the last three months. Insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BXMT. Weiss Ratings restated a “hold (c-)” rating on shares of Blackstone Mortgage Trust in a report on Monday, December 29th. Keefe, Bruyette & Woods boosted their price target on shares of Blackstone Mortgage Trust from $21.00 to $21.50 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. BTIG Research reissued a “buy” rating and set a $23.00 price target on shares of Blackstone Mortgage Trust in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Blackstone Mortgage Trust from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and a consensus price target of $21.13.

Blackstone Mortgage Trust 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.