NFJ Investment Group LLC Lowers Stock Position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

NFJ Investment Group LLC cut its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,945 shares of the real estate investment trust’s stock after selling 6,501 shares during the period. NFJ Investment Group LLC owned approximately 0.08% of Blackstone Mortgage Trust worth $2,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in Blackstone Mortgage Trust in the 2nd quarter valued at approximately $10,656,000. Prevail Innovative Wealth Advisors LLC purchased a new position in shares of Blackstone Mortgage Trust during the second quarter worth $3,061,000. Intech Investment Management LLC acquired a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at $821,000. Gabelli Funds LLC raised its holdings in shares of Blackstone Mortgage Trust by 30.1% in the 2nd quarter. Gabelli Funds LLC now owns 237,500 shares of the real estate investment trust’s stock valued at $4,137,000 after buying an additional 55,000 shares during the period. Finally, Natixis Advisors LLC acquired a new position in Blackstone Mortgage Trust during the 3rd quarter worth about $211,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, 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. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.08.

Blackstone Mortgage Trust Trading Down 1.5 %

Shares of NYSE BXMT opened at $18.81 on Wednesday. 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 simple moving average is $18.59 and its 200-day simple moving average is $18.23.

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.