Pekin Hardy Strauss Inc. Sells 1,125 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Pekin Hardy Strauss Inc. reduced its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,533 shares of the real estate investment trust’s stock after selling 1,125 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Blackstone Mortgage Trust were worth $257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Park Place Capital Corp bought a new position in Blackstone Mortgage Trust during the 2nd quarter valued at about $26,000. Versant Capital Management Inc lifted its position in Blackstone Mortgage Trust by 66.4% during the second quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 871 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Blackstone Mortgage Trust in the third quarter worth approximately $39,000. Wellington Shields & Co. LLC grew its position in Blackstone Mortgage Trust by 98.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,255 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Blackstone Mortgage Trust during the 2nd quarter valued at $87,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Blackstone Mortgage Trust Trading Down 0.6 %

BXMT opened at $18.66 on Monday. The firm’s 50 day simple moving average is $18.69 and its two-hundred day simple moving average is $18.19. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $23.29.

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.