Blackstone Mortgage Trust (NYSE:BXMT) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Blackstone Mortgage Trust (NYSE:BXMT – Get Rating) in a research note published on Thursday morning. The firm issued a hold rating on the real estate investment trust’s stock.

BXMT has been the subject of several other reports. Keefe, Bruyette & Woods lowered Blackstone Mortgage Trust from an outperform rating to a market perform rating and set a $26.00 target price for the company. in a research report on Thursday, December 15th. TheStreet lowered Blackstone Mortgage Trust from a b- rating to a c+ rating in a research report on Tuesday, December 6th. Finally, Citigroup decreased their target price on Blackstone Mortgage Trust from $28.00 to $24.00 and set a neutral rating for the company in a research report on Monday, February 13th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $26.50.

Blackstone Mortgage Trust Stock Down 3.6 %

Shares of BXMT stock opened at $18.00 on Thursday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 12.59 and a beta of 1.34. Blackstone Mortgage Trust has a 12 month low of $17.30 and a 12 month high of $32.90. The stock has a 50-day moving average price of $22.24 and a 200 day moving average price of $23.88.

Insider Activity at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, Director Henry N. Nassau acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was acquired at an average cost of $17.81 per share, for a total transaction of $178,100.00. Following the transaction, the director now owns 127,348 shares of the company’s stock, valued at $2,268,067.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Blackstone Mortgage Trust news, Director Henry N. Nassau acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was acquired at an average cost of $17.81 per share, for a total transaction of $178,100.00. Following the transaction, the director now owns 127,348 shares of the company’s stock, valued at $2,268,067.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael B. Nash acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was acquired at an average price of $18.86 per share, with a total value of $943,000.00. Following the completion of the transaction, the director now directly owns 468,455 shares in the company, valued at approximately $8,835,061.30. The disclosure for this purchase can be found here. 1.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Institutional investors have recently bought and sold shares of the company. Northern Trust Corp lifted its stake in Blackstone Mortgage Trust by 3.3% in the 2nd quarter. Northern Trust Corp now owns 2,021,673 shares of the real estate investment trust’s stock valued at $55,940,000 after acquiring an additional 64,264 shares in the last quarter. Natixis lifted its stake in Blackstone Mortgage Trust by 34.5% in the 2nd quarter. Natixis now owns 35,453 shares of the real estate investment trust’s stock valued at $982,000 after acquiring an additional 9,092 shares in the last quarter. North Star Investment Management Corp. lifted its stake in Blackstone Mortgage Trust by 106.2% in the 3rd quarter. North Star Investment Management Corp. now owns 56,126 shares of the real estate investment trust’s stock valued at $1,310,000 after acquiring an additional 28,908 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Blackstone Mortgage Trust by 108.2% in the 2nd quarter. Apollon Wealth Management LLC now owns 24,863 shares of the real estate investment trust’s stock valued at $688,000 after acquiring an additional 12,921 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its stake in Blackstone Mortgage Trust by 3.2% in the 3rd quarter. Artemis Investment Management LLP now owns 1,746,353 shares of the real estate investment trust’s stock valued at $40,776,000 after acquiring an additional 53,809 shares in the last quarter. Institutional investors own 54.01% of the company’s stock.

About Blackstone Mortgage Trust

(Get Rating)

Blackstone Mortgage Trust, Inc is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio.