Blackstone Mortgage Trust (NYSE:BXMT) Upgraded to “Outperform” at Wolfe Research

Wolfe Research upgraded shares of Blackstone Mortgage Trust (NYSE:BXMT) from a peer perform rating to an outperform rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have $20.00 target price on the real estate investment trust’s stock.

Separately, Wells Fargo & Company upped 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. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.07.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $19.23 on Wednesday. Blackstone Mortgage Trust has a twelve month low of $16.53 and a twelve month high of $23.29. The stock’s 50 day moving average price is $18.57 and its 200-day moving average price is $18.28.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Institutional investors have recently bought and sold shares of the company. Artemis Investment Management LLP bought a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at $24,103,000. Van ECK Associates Corp raised its holdings in Blackstone Mortgage Trust by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after acquiring an additional 38,436 shares during the period. Point72 Asset Management L.P. bought a new stake in Blackstone Mortgage Trust during the 2nd quarter valued at $10,656,000. Rockefeller Capital Management L.P. raised its holdings in Blackstone Mortgage Trust by 1.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock valued at $11,319,000 after acquiring an additional 8,444 shares during the period. Finally, GFS Advisors LLC raised its holdings in Blackstone Mortgage Trust by 9,068.6% during the 3rd 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 during the period. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company 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.