Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Position Increased by Quest Partners LLC

Quest Partners LLC grew its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 1,700.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,907 shares of the real estate investment trust’s stock after purchasing an additional 17,857 shares during the period. Quest Partners LLC’s holdings in Blackstone Mortgage Trust were worth $359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp acquired a new position in Blackstone Mortgage Trust in the second quarter worth approximately $26,000. Versant Capital Management Inc boosted its position in shares of 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 valued at $38,000 after acquiring an additional 871 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Blackstone Mortgage Trust in the 3rd quarter worth $39,000. Wellington Shields & Co. LLC grew its position in 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 buying an additional 2,255 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in Blackstone Mortgage Trust during the second quarter valued at about $87,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Trading Down 0.6 %

BXMT stock opened at $18.66 on Monday. The firm has a market cap of $3.23 billion, a P/E ratio of -13.42 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a 1-year low of $16.53 and a 1-year high of $23.29. The business’s 50 day moving average is $18.69 and its 200-day moving average is $18.19.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price objective on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.08.

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.