Citadel Advisors LLC cut its stake in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 99.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,086 shares of the real estate investment trust’s stock after selling 42,763,414 shares during the period. Citadel Advisors LLC owned 0.21% of Blackstone Mortgage Trust worth $8,179,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. MML Investors Services LLC increased its position in Blackstone Mortgage Trust by 22.5% in the third quarter. MML Investors Services LLC now owns 7,921 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 1,456 shares during the period. Roble Belko & Company Inc increased its position in Blackstone Mortgage Trust by 2.7% in the second quarter. Roble Belko & Company Inc now owns 68,005 shares of the real estate investment trust’s stock worth $2,137,000 after buying an additional 1,769 shares during the period. Chartwell Investment Partners LLC increased its position in Blackstone Mortgage Trust by 0.8% in the second quarter. Chartwell Investment Partners LLC now owns 257,470 shares of the real estate investment trust’s stock worth $8,093,000 after buying an additional 1,985 shares during the period. Pinnacle Financial Partners Inc. increased its position in Blackstone Mortgage Trust by 22.9% in the third quarter. Pinnacle Financial Partners Inc. now owns 12,016 shares of the real estate investment trust’s stock worth $403,000 after buying an additional 2,240 shares during the period. Finally, Pekin Singer Strauss Asset Management IL increased its position in Blackstone Mortgage Trust by 3.6% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 69,383 shares of the real estate investment trust’s stock worth $2,181,000 after buying an additional 2,395 shares during the period. 64.12% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. BTIG Research assumed coverage on Blackstone Mortgage Trust in a report on Monday, October 8th. They set a “neutral” rating on the stock. Credit Suisse Group raised their price target on Blackstone Mortgage Trust from $33.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Finally, TheStreet raised Blackstone Mortgage Trust from a “c+” rating to a “b+” rating in a report on Wednesday, October 31st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $35.00.
In related news, Treasurer Douglas N. Armer sold 806 shares of Blackstone Mortgage Trust stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $34.93, for a total transaction of $28,153.58. Following the transaction, the treasurer now directly owns 79,481 shares of the company’s stock, valued at $2,776,271.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Leonard W. Cotton bought 3,000 shares of the stock in a transaction that occurred on Wednesday, October 31st. The shares were purchased at an average cost of $33.87 per share, for a total transaction of $101,610.00. Following the completion of the acquisition, the director now owns 19,074 shares of the company’s stock, valued at $646,036.38. The disclosure for this purchase can be found here. Insiders have sold 2,417 shares of company stock worth $84,309 over the last three months. Corporate insiders own 0.96% of the company’s stock.
Shares of BXMT opened at $34.97 on Thursday. The firm has a market cap of $4.23 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.65 and a beta of 0.45. Blackstone Mortgage Trust Inc has a one year low of $29.51 and a one year high of $35.70.
Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $105.15 million for the quarter, compared to analyst estimates of $97.06 million. Blackstone Mortgage Trust had a return on equity of 9.36% and a net margin of 50.60%. During the same period last year, the company earned $0.69 earnings per share. Sell-side analysts predict that Blackstone Mortgage Trust Inc will post 2.64 EPS for the current fiscal year.
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Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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