GFS Advisors LLC Has $8.72 Million Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

GFS Advisors LLC boosted its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 9,068.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 458,430 shares of the real estate investment trust’s stock after purchasing an additional 453,430 shares during the quarter. Blackstone Mortgage Trust accounts for about 1.9% of GFS Advisors LLC’s portfolio, making the stock its 22nd largest holding. GFS Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $8,715,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BXMT. Park Place Capital Corp bought a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at $26,000. Versant Capital Management Inc grew its stake 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 buying an additional 871 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Blackstone Mortgage Trust in the 3rd quarter valued at about $39,000. Wellington Shields & Co. LLC raised its position in shares of Blackstone Mortgage Trust by 98.0% in the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,255 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter worth approximately $87,000. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Trading Up 0.2 %

Blackstone Mortgage Trust stock opened at $18.25 on Friday. The company has a market capitalization of $3.16 billion, a PE ratio of -13.13 and a beta of 1.50. The stock has a 50-day moving average price of $18.66 and a two-hundred day moving average price of $18.16. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $23.29.

Blackstone Mortgage Trust announced that its Board of Directors has approved a share buyback plan on Wednesday, July 24th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Blackstone Mortgage Trust news, Director Henry N. Nassau purchased 10,000 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were bought at an average price of $17.52 per share, for a total transaction of $175,200.00. Following the completion of the acquisition, the director now owns 165,557 shares in the company, valued at approximately $2,900,558.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Katharine A. Keenan purchased 16,000 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $17.16 per share, for a total transaction of $274,560.00. Following the acquisition, the chief executive officer now owns 198,960 shares in the company, valued at $3,414,153.60. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry N. Nassau acquired 10,000 shares of Blackstone Mortgage Trust stock in a transaction dated Thursday, August 8th. The stock was purchased at an average cost of $17.52 per share, for a total transaction of $175,200.00. Following the completion of the purchase, the director now owns 165,557 shares in the company, valued at approximately $2,900,558.64. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 1,495 shares of company stock worth $27,899 in the last ninety days. Company insiders own 0.93% of the company’s stock.

Analysts Set New Price Targets

BXMT has been the subject of several research analyst reports. JMP Securities restated a “market perform” rating on shares of Blackstone Mortgage Trust in a research report on Tuesday, July 23rd. 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 report on Friday, September 20th. Finally, BTIG Research reissued a “buy” rating and issued a $23.00 target price on shares of Blackstone Mortgage Trust in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Blackstone Mortgage Trust presently has an average rating of “Hold” and an average price target 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.