Advisors Asset Management Inc. Has $3.29 Million Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Advisors Asset Management Inc. raised its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 167.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 173,034 shares of the real estate investment trust’s stock after buying an additional 108,409 shares during the period. Advisors Asset Management Inc.’s holdings in Blackstone Mortgage Trust were worth $3,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BXMT. Park Place Capital Corp acquired a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter valued at approximately $26,000. Harbor Capital Advisors Inc. acquired a new stake in Blackstone Mortgage Trust in the third quarter worth $39,000. Versant Capital Management Inc raised its holdings in Blackstone Mortgage Trust by 66.4% in the second quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 871 shares during the period. Wellington Shields & Co. LLC boosted its position in shares of Blackstone Mortgage Trust by 98.0% during the second quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,255 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Blackstone Mortgage Trust in the 2nd quarter valued at $87,000. Institutional investors own 64.15% of the company’s stock.

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 stock an “overweight” rating in a report on Friday, September 20th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.08.

Blackstone Mortgage Trust Stock Down 0.6 %

Shares of NYSE:BXMT opened at $18.66 on Friday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -13.42 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $23.29. The company’s fifty day simple moving average is $18.69 and its 200 day simple moving average is $18.19.

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.