Blackstone Mortgage Trust (NYSE:BXMT) PT Lowered to $18.50

Blackstone Mortgage Trust (NYSE:BXMT) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $19.00 to $18.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 2.22% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods dropped their price objective on Blackstone Mortgage Trust from $22.00 to $21.00 and set a “market perform” rating for the company in a research note on Friday, February 16th. Bank of America cut Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $21.00 in a research note on Monday, March 4th. Finally, UBS Group lowered their target price on Blackstone Mortgage Trust from $21.50 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 20th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.17.

Blackstone Mortgage Trust Trading Up 1.6 %

Shares of NYSE BXMT opened at $18.92 on Wednesday. Blackstone Mortgage Trust has a twelve month low of $16.75 and a twelve month high of $23.82. The stock has a fifty day simple moving average of $19.62 and a 200-day simple moving average of $20.81. The stock has a market capitalization of $3.29 billion, a PE ratio of 13.42 and a beta of 1.42.

Insider Buying and Selling

In other news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.42, for a total transaction of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at approximately $3,967,565.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Katharine A. Keenan sold 2,274 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $20.42, for a total transaction of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at approximately $3,967,565.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Katharine A. Keenan sold 2,275 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $20.25, for a total value of $46,068.75. Following the transaction, the chief executive officer now directly owns 192,023 shares of the company’s stock, valued at $3,888,465.75. The disclosure for this sale can be found here. Insiders sold 5,540 shares of company stock valued at $112,642 in the last three months. 1.02% of the stock is owned by corporate insiders.

Institutional Trading of Blackstone Mortgage Trust

Several institutional investors and hedge funds have recently made changes to their positions in BXMT. MADDEN SECURITIES Corp raised its stake in Blackstone Mortgage Trust by 4.1% during the 1st quarter. MADDEN SECURITIES Corp now owns 217,886 shares of the real estate investment trust’s stock valued at $4,338,000 after acquiring an additional 8,654 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in shares of Blackstone Mortgage Trust by 14.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 8,465 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 1,039 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth approximately $321,000. PNC Financial Services Group Inc. grew its holdings in shares of Blackstone Mortgage Trust by 3.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 50,920 shares of the real estate investment trust’s stock worth $1,083,000 after acquiring an additional 1,655 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Blackstone Mortgage Trust by 7.8% in the 4th quarter. Wellington Management Group LLP now owns 364,095 shares of the real estate investment trust’s stock worth $7,744,000 after acquiring an additional 26,346 shares during the period. 64.15% of the stock is owned by hedge funds and other institutional investors.

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.