Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Short Interest Down 6.2% in November

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park Place Capital Corp acquired a new stake in shares of Blackstone Mortgage Trust during the second quarter worth $26,000. Versant Capital Management Inc increased its stake in Blackstone Mortgage Trust by 66.4% during the 2nd quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 871 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Blackstone Mortgage Trust during the third quarter worth $39,000. McIlrath & Eck LLC bought a new stake in shares of Blackstone Mortgage Trust during the third quarter worth $63,000. Finally, Wellington Shields & Co. LLC grew its position in shares of 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 valued at $79,000 after buying an additional 2,255 shares during the last quarter. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Down 1.5 %

Shares of Blackstone Mortgage Trust stock traded down $0.28 on Tuesday, hitting $18.81. 983,032 shares of the company traded hands, compared to its average volume of 1,918,512. The company has a 50-day moving average price of $18.62 and a 200 day moving average price of $18.23. Blackstone Mortgage Trust has a 12-month low of $16.53 and a 12-month high of $23.29.

Wall Street Analysts Forecast Growth

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

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.