Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC lessened its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 16.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,963 shares of the real estate investment trust’s stock after selling 23,005 shares during the quarter. Truvestments Capital LLC owned about 0.07% of Blackstone Mortgage Trust worth $2,147,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BXMT. Artemis Investment Management LLP purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter worth approximately $24,103,000. Point72 Asset Management L.P. purchased a new stake in shares of Blackstone Mortgage Trust during the second quarter worth $10,656,000. GFS Advisors LLC raised its stake in shares of 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 acquiring an additional 453,430 shares in the last quarter. Choreo LLC acquired a new stake in shares of Blackstone Mortgage Trust in the second quarter valued at $6,983,000. Finally, Westwood Holdings Group Inc. purchased a new position in Blackstone Mortgage Trust in the second quarter valued at $4,790,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price target 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.08.

Blackstone Mortgage Trust Price Performance

NYSE:BXMT opened at $18.66 on Monday. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $23.29. The business’s fifty day moving average price is $18.69 and its 200 day moving average price 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.