Truvestments Capital LLC Reduces Stock Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Truvestments Capital LLC decreased its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 16.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,963 shares of the real estate investment trust’s stock after selling 23,005 shares during the period. Truvestments Capital LLC’s holdings in Blackstone Mortgage Trust were worth $2,147,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BXMT. Park Place Capital Corp purchased a new stake in Blackstone Mortgage Trust in the second quarter valued at $26,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter valued at about $39,000. Versant Capital Management Inc boosted its position in shares of Blackstone Mortgage Trust by 66.4% in the 2nd quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 871 shares during the period. Wellington Shields & Co. LLC grew its stake in Blackstone Mortgage Trust by 98.0% during the 2nd 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 during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Blackstone Mortgage Trust during the 2nd quarter worth approximately $87,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Down 0.6 %

BXMT opened at $18.66 on Monday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $23.29. The business has a 50 day moving average price of $18.69 and a two-hundred day moving average price of $18.19.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their price objective on 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.