Swiss National Bank Has $6.12 Million Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Swiss National Bank cut its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 0.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 321,900 shares of the real estate investment trust’s stock after selling 2,700 shares during the period. Swiss National Bank owned about 0.19% of Blackstone Mortgage Trust worth $6,119,000 at the end of the most recent quarter.

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

Blackstone Mortgage Trust Price Performance

Shares of BXMT opened at $19.14 on Wednesday. The company’s 50-day moving average is $18.67 and its 200-day moving average is $18.21. The firm has a market capitalization of $3.31 billion, a PE ratio of -13.77 and a beta of 1.50. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $23.29.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their target price on shares of 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 investment 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, Blackstone Mortgage Trust 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.