Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives Average Recommendation of “Hold” from Brokerages

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has received an average recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $20.08.

Separately, Wells Fargo & Company upped their price target on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th.

Blackstone Mortgage Trust Stock Down 1.5 %

BXMT stock opened at $18.81 on Wednesday. The business’s 50-day moving average price is $18.59 and its 200-day moving average price is $18.23. The stock has a market cap of $3.25 billion, a P/E ratio of -13.53 and a beta of 1.50. Blackstone Mortgage Trust has a twelve month low of $16.53 and a twelve month high of $23.29.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $39,000. McIlrath & Eck LLC purchased a new stake in Blackstone Mortgage Trust during the third quarter valued at approximately $63,000. Wellington Shields & Co. LLC boosted its holdings 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 worth $79,000 after purchasing an additional 2,255 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Blackstone Mortgage Trust during the 2nd quarter valued at approximately $87,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at $95,000. Hedge funds and other institutional investors own 64.15% of the company’s stock.

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.