Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Holocene Advisors LP

Holocene Advisors LP decreased its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,376 shares of the real estate investment trust’s stock after selling 5,675 shares during the quarter. Holocene Advisors LP owned about 0.13% of Blackstone Mortgage Trust worth $4,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. acquired a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at $39,000. Wellington Shields & Co. LLC grew its stake in shares of Blackstone Mortgage Trust by 98.0% in the second 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 in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Blackstone Mortgage Trust in the second quarter valued at $87,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at $95,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at $196,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Blackstone Mortgage Trust Trading Down 0.1 %

NYSE:BXMT opened at $18.80 on Thursday. The firm has a market cap of $3.25 billion, a PE ratio of -13.52 and a beta of 1.50. The stock has a fifty day moving average price of $18.58 and a 200 day moving average price of $18.24. Blackstone Mortgage Trust, Inc. has a 12-month low of $16.53 and a 12-month high of $23.29.

Blackstone Mortgage Trust 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.