Blackstone Mortgage Trust (NYSE:BXMT) Rating Reiterated by JMP Securities

Blackstone Mortgage Trust (NYSE:BXMT)‘s stock had its “market perform” rating restated by equities researchers at JMP Securities in a note issued to investors on Tuesday, Benzinga reports.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $18.00 price objective on shares of Blackstone Mortgage Trust in a research note on Tuesday, June 18th. JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating for the company in a research report on Thursday, April 25th. Wolfe Research assumed coverage on shares of Blackstone Mortgage Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Wells Fargo & Company dropped their target price on shares of Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 25th. Finally, BTIG Research reiterated a “buy” rating and issued a $23.00 price target on shares of Blackstone Mortgage Trust in a research note on Friday. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.07.

Blackstone Mortgage Trust Trading Up 0.6 %

NYSE BXMT traded up $0.11 during trading hours on Tuesday, hitting $19.73. 505,860 shares of the company’s stock traded hands, compared to its average volume of 2,067,662. The firm has a market capitalization of $3.42 billion, a P/E ratio of 657.67 and a beta of 1.49. Blackstone Mortgage Trust has a 52 week low of $16.70 and a 52 week high of $23.82. The business’s fifty day moving average price is $17.91 and its two-hundred day moving average price is $18.97.

Insider Activity

In related news, CEO Katharine A. Keenan sold 2,296 shares of Blackstone Mortgage Trust stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $17.04, for a total transaction of $39,123.84. Following the transaction, the chief executive officer now directly owns 187,468 shares of the company’s stock, valued at $3,194,454.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,259 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $17.04, for a total value of $38,493.36. Following the completion of the transaction, the chief executive officer now directly owns 189,764 shares in the company, valued at $3,233,578.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Katharine A. Keenan sold 2,296 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $17.04, for a total transaction of $39,123.84. Following the sale, the chief executive officer now directly owns 187,468 shares of the company’s stock, valued at $3,194,454.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,057 shares of company stock worth $191,141. 0.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Park Place Capital Corp acquired a new stake in Blackstone Mortgage Trust in the second quarter valued at approximately $26,000. Cape Investment Advisory Inc. acquired a new stake in shares of Blackstone Mortgage Trust in the 4th quarter worth $42,000. Versant Capital Management Inc boosted its position in shares of Blackstone Mortgage Trust by 66.4% in the 2nd quarter. Versant Capital Management Inc now owns 2,183 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 871 shares in the last quarter. GAMMA Investing LLC purchased a new position in Blackstone Mortgage Trust during the 4th quarter worth $45,000. Finally, Creekmur Asset Management LLC acquired a new position in Blackstone Mortgage Trust during the 4th quarter valued at about $51,000. 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.