31,685 Shares in Blackstone Mortgage Trust, Inc. $BXMT Bought by FJ Capital Management LLC

FJ Capital Management LLC purchased a new position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,685 shares of the real estate investment trust’s stock, valued at approximately $606,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Blackstone Mortgage Trust by 36.7% during the third quarter. JPMorgan Chase & Co. now owns 578,444 shares of the real estate investment trust’s stock worth $10,649,000 after buying an additional 155,421 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in shares of Blackstone Mortgage Trust during the third quarter worth $2,991,000. Bamco Inc. NY grew its holdings in shares of Blackstone Mortgage Trust by 6.4% during the third quarter. Bamco Inc. NY now owns 1,696,314 shares of the real estate investment trust’s stock worth $31,229,000 after buying an additional 101,701 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Blackstone Mortgage Trust by 2,836.1% during the fourth quarter. SG Americas Securities LLC now owns 214,626 shares of the real estate investment trust’s stock worth $4,106,000 after buying an additional 207,316 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Blackstone Mortgage Trust by 9.0% during the third quarter. Van ECK Associates Corp now owns 865,464 shares of the real estate investment trust’s stock worth $15,933,000 after buying an additional 71,584 shares in the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 0.9%

Shares of BXMT stock opened at $18.35 on Friday. The company’s 50-day moving average price is $18.85 and its 200-day moving average price is $19.23. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 30.08 and a beta of 0.89. Blackstone Mortgage Trust, Inc. has a twelve month low of $17.67 and a twelve month high of $20.67.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BXMT. Zacks Research lowered shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered shares of Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. dropped their target price on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, UBS Group began coverage on shares of Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $21.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Blackstone Mortgage Trust has a consensus rating of “Moderate Buy” and an average target price of $21.38.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, President Fernando Austin Pena sold 1,666 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $18.88, for a total transaction of $31,454.08. Following the transaction, the president owned 76,967 shares of the company’s stock, valued at approximately $1,453,136.96. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.18% of the company’s stock.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.