Adalta Capital Management LLC Sells 5,383 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Adalta Capital Management LLC cut its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 7.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 63,805 shares of the real estate investment trust’s stock after selling 5,383 shares during the quarter. Adalta Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $1,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Artemis Investment Management LLP acquired a new position in Blackstone Mortgage Trust in the third quarter valued at approximately $24,103,000. Point72 Asset Management L.P. acquired a new position in shares of Blackstone Mortgage Trust during the 2nd quarter valued at $10,656,000. GFS Advisors LLC boosted its stake in 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 worth $8,715,000 after acquiring an additional 453,430 shares in the last quarter. Choreo LLC acquired a new stake in Blackstone Mortgage Trust in the second quarter worth $6,983,000. Finally, Westwood Holdings Group Inc. bought a new stake in Blackstone Mortgage Trust in the second quarter valued at $4,790,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their target price 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.08.

Blackstone Mortgage Trust Trading Up 0.4 %

Shares of NYSE BXMT opened at $18.74 on Monday. The company has a 50-day moving average price of $18.54 and a 200-day moving average price of $18.25. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.53 and a 1 year 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.