XTX Topco Ltd Sells 14,098 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

XTX Topco Ltd lessened its holdings in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 35.5% in the third quarter, HoldingsChannel.com reports. The firm owned 25,593 shares of the real estate investment trust’s stock after selling 14,098 shares during the period. XTX Topco Ltd’s holdings in Blackstone Mortgage Trust were worth $487,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BXMT. Cetera Advisors LLC lifted its holdings in shares of Blackstone Mortgage Trust by 29.5% in the first quarter. Cetera Advisors LLC now owns 12,381 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 2,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Blackstone Mortgage Trust by 6.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,997 shares of the real estate investment trust’s stock worth $505,000 after buying an additional 1,648 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Blackstone Mortgage Trust by 9.7% in the 2nd quarter. Raymond James & Associates now owns 74,341 shares of the real estate investment trust’s stock worth $1,295,000 after buying an additional 6,558 shares during the last quarter. Sunpointe LLC bought a new position in shares of Blackstone Mortgage Trust in the second quarter valued at approximately $351,000. Finally, Dupree Financial Group LLC purchased a new stake in shares of Blackstone Mortgage Trust during the second quarter valued at approximately $2,397,000. Institutional investors and hedge funds own 64.15% of the company’s stock.

Blackstone Mortgage Trust Stock Performance

Shares of BXMT opened at $19.29 on Friday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $23.29. The business has a 50-day moving average of $18.61 and a 200 day moving average of $18.31. The firm has a market cap of $3.34 billion, a P/E ratio of -13.88 and a beta of 1.50.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Wednesday. Wells Fargo & Company raised their price objective on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and an average price target of $20.07.

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.