Blackstone Mortgage Trust (BXMT) Shares Sold by LSV Asset Management

LSV Asset Management reduced its stake in shares of Blackstone Mortgage Trust (NYSE:BXMT) by 31.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 510,983 shares of the real estate investment trust’s stock after selling 236,400 shares during the period. LSV Asset Management owned approximately 0.47% of Blackstone Mortgage Trust worth $16,055,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. MCF Advisors LLC bought a new stake in Blackstone Mortgage Trust in the fourth quarter worth $103,000. Envestnet Asset Management Inc. lifted its stake in Blackstone Mortgage Trust by 61.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,423 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 1,677 shares during the last quarter. Ffcm LLC lifted its stake in Blackstone Mortgage Trust by 151.5% in the fourth quarter. Ffcm LLC now owns 4,656 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 2,805 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Blackstone Mortgage Trust by 56.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,829 shares of the real estate investment trust’s stock worth $155,000 after purchasing an additional 1,745 shares during the last quarter. Finally, First Allied Advisory Services Inc. bought a new stake in Blackstone Mortgage Trust in the fourth quarter worth $200,000. 61.59% of the stock is owned by institutional investors.

BXMT has been the subject of several recent research reports. JPMorgan Chase downgraded shares of Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 6th. Raymond James initiated coverage on shares of Blackstone Mortgage Trust in a research note on Tuesday, March 27th. They issued a “market perform” rating for the company. Zacks Investment Research downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. ValuEngine downgraded shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, B. Riley set a $33.00 price target on shares of Blackstone Mortgage Trust and gave the stock a “buy” rating in a research note on Thursday, February 15th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $33.25.

Shares of Blackstone Mortgage Trust opened at $31.31 on Friday, MarketBeat reports. The stock has a market cap of $3.39 billion, a PE ratio of 13.44, a PEG ratio of 2.65 and a beta of 0.47. Blackstone Mortgage Trust has a 12 month low of $31.27 and a 12 month high of $31.35.

Blackstone Mortgage Trust (NYSE:BXMT) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.55 by $0.04. The firm had revenue of $80.17 million during the quarter, compared to the consensus estimate of $77.97 million. Blackstone Mortgage Trust had a net margin of 51.52% and a return on equity of 8.50%. sell-side analysts predict that Blackstone Mortgage Trust will post 2.37 EPS for the current year.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America and Europe. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

Institutional Ownership by Quarter for Blackstone Mortgage Trust (NYSE:BXMT)

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