B. Riley set a $33.00 price target on Blackstone Mortgage Trust (NYSE:BXMT) in a research note published on Thursday. The brokerage currently has a buy rating on the real estate investment trust’s stock.
A number of other equities analysts have also commented on the company. Zacks Investment Research raised Blackstone Mortgage Trust from a hold rating to a buy rating and set a $35.00 price objective on the stock in a research note on Thursday, January 25th. Wells Fargo & Co began coverage on Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They issued an outperform rating on the stock. Keefe, Bruyette & Woods lowered Blackstone Mortgage Trust from an outperform rating to a market perform rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. lowered Blackstone Mortgage Trust from an overweight rating to a neutral rating in a research note on Tuesday, February 6th. Finally, FBR & Co boosted their price target on Blackstone Mortgage Trust from $32.00 to $33.00 and gave the company a buy rating in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $33.60.
Blackstone Mortgage Trust (NYSE:BXMT) opened at $31.42 on Thursday. The company has a market capitalization of $3,399.46, a P/E ratio of 13.84 and a beta of 0.59. Blackstone Mortgage Trust has a 12 month low of $29.51 and a 12 month high of $33.08.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Blackstone Group L.P. lifted its stake in Blackstone Mortgage Trust by 14.4% in the third quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock valued at $163,276,000 after buying an additional 663,846 shares during the period. M&T Bank Corp lifted its stake in Blackstone Mortgage Trust by 2.3% in the fourth quarter. M&T Bank Corp now owns 835,518 shares of the real estate investment trust’s stock valued at $26,886,000 after buying an additional 19,164 shares during the period. Boston Partners lifted its stake in Blackstone Mortgage Trust by 5.8% in the fourth quarter. Boston Partners now owns 833,453 shares of the real estate investment trust’s stock valued at $26,821,000 after buying an additional 45,514 shares during the period. Renaissance Technologies LLC lifted its stake in Blackstone Mortgage Trust by 97.4% in the fourth quarter. Renaissance Technologies LLC now owns 562,680 shares of the real estate investment trust’s stock valued at $18,107,000 after buying an additional 277,701 shares during the period. Finally, Two Sigma Investments LP lifted its stake in Blackstone Mortgage Trust by 155.4% in the fourth quarter. Two Sigma Investments LP now owns 420,561 shares of the real estate investment trust’s stock valued at $13,534,000 after buying an additional 255,920 shares during the period. 54.21% of the stock is currently owned by hedge funds and other institutional investors.
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Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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