Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC increased its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 23.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,422 shares of the real estate investment trust’s stock after purchasing an additional 10,540 shares during the period. Penserra Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $1,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BXMT. Artemis Investment Management LLP acquired a new stake in shares of Blackstone Mortgage Trust during the third quarter valued at $24,103,000. Point72 Asset Management L.P. acquired a new position in shares of Blackstone Mortgage Trust in the second quarter valued at approximately $10,656,000. GFS Advisors LLC lifted its stake in shares of Blackstone Mortgage Trust by 9,068.6% during 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 buying an additional 453,430 shares during the period. Choreo LLC acquired a new stake in Blackstone Mortgage Trust during the second quarter worth approximately $6,983,000. Finally, Westwood Holdings Group Inc. purchased a new stake in Blackstone Mortgage Trust in the 2nd quarter worth approximately $4,790,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

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 report on Friday, September 20th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.08.

Blackstone Mortgage Trust Stock Up 1.0 %

Shares of NYSE BXMT opened at $19.14 on Wednesday. The stock has a market capitalization of $3.31 billion, a PE ratio of -13.77 and a beta of 1.50. The firm has a fifty day moving average of $18.67 and a 200-day moving average of $18.21. Blackstone Mortgage Trust, Inc. has a 52-week low of $16.53 and a 52-week high of $23.29.

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.