Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Short Interest Update

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 21,960,000 shares, a decrease of 6.2% from the October 31st total of 23,410,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the short-interest ratio is presently 13.9 days.

Blackstone Mortgage Trust Stock Performance

BXMT opened at $18.81 on Wednesday. The business has a fifty day simple moving average of $18.59 and a 200-day simple moving average of $18.23. Blackstone Mortgage Trust has a 52 week low of $16.53 and a 52 week high of $23.29.

Institutional Trading of Blackstone Mortgage Trust

Large investors have recently modified their holdings of the stock. Artemis Investment Management LLP purchased a new stake in Blackstone Mortgage Trust in the third quarter valued at $24,103,000. Van ECK Associates Corp lifted its holdings in shares of Blackstone Mortgage Trust by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after buying an additional 38,436 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Blackstone Mortgage Trust during the 2nd quarter worth $10,656,000. Rockefeller Capital Management L.P. increased its holdings in Blackstone Mortgage Trust by 1.4% in the third quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock valued at $11,319,000 after buying an additional 8,444 shares in the last quarter. Finally, GFS Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust by 9,068.6% during the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after acquiring an additional 453,430 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their price objective on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.08.

Blackstone Mortgage Trust Company Profile

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.