Adalta Capital Management LLC Has $1.24 Million Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Adalta Capital Management LLC decreased its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,805 shares of the real estate investment trust’s stock after selling 5,383 shares during the period. Adalta Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $1,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Artemis Investment Management LLP acquired a new stake in Blackstone Mortgage Trust in the third quarter valued at about $24,103,000. Van ECK Associates Corp grew its holdings in shares of Blackstone Mortgage Trust by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after purchasing an additional 38,436 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at approximately $10,656,000. Rockefeller Capital Management L.P. lifted its stake in Blackstone Mortgage Trust by 1.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock valued at $11,319,000 after purchasing an additional 8,444 shares during the last quarter. Finally, GFS Advisors LLC boosted its position in Blackstone Mortgage Trust by 9,068.6% in the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock valued at $8,715,000 after buying an additional 453,430 shares in the last quarter. 64.15% of the stock is owned by institutional investors.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $18.74 on Monday. The firm has a 50 day moving average price of $18.54 and a two-hundred day moving average price of $18.25. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $23.29.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price target on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a report 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, the company has a consensus rating of “Hold” and a consensus target price of $20.08.

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.