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

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

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their target price 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blackstone Mortgage Trust currently has an average rating of “Hold” and an average target price of $20.08.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Artemis Investment Management LLP acquired a new position in Blackstone Mortgage Trust in the 3rd quarter worth approximately $24,103,000. Point72 Asset Management L.P. purchased a new position in shares of Blackstone Mortgage Trust in the 2nd quarter valued at about $10,656,000. GFS Advisors LLC raised its holdings in Blackstone Mortgage Trust by 9,068.6% in the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after purchasing an additional 453,430 shares during the period. Choreo LLC purchased a new position in Blackstone Mortgage Trust during the second quarter worth approximately $6,983,000. Finally, Westwood Holdings Group Inc. purchased a new position in Blackstone Mortgage Trust during the second quarter worth approximately $4,790,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Stock Performance

BXMT stock opened at $18.81 on Wednesday. Blackstone Mortgage Trust has a 1-year low of $16.53 and a 1-year high of $23.29. The business has a 50-day moving average price of $18.59 and a 200 day moving average price of $18.23.

Blackstone Mortgage Trust Company 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.