Pekin Hardy Strauss Inc. Sells 1,125 Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Pekin Hardy Strauss Inc. lowered its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 7.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,533 shares of the real estate investment trust’s stock after selling 1,125 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Blackstone Mortgage Trust were worth $257,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Artemis Investment Management LLP purchased a new position in shares of Blackstone Mortgage Trust during the 3rd quarter valued at $24,103,000. Point72 Asset Management L.P. bought a new stake in Blackstone Mortgage Trust during the second quarter valued at about $10,656,000. GFS Advisors LLC lifted its position in shares of Blackstone Mortgage Trust by 9,068.6% in the third 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 in the last quarter. Choreo LLC bought a new position in shares of Blackstone Mortgage Trust in the second quarter worth about $6,983,000. Finally, Westwood Holdings Group Inc. purchased a new stake in shares of Blackstone Mortgage Trust during the second quarter worth about $4,790,000. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $18.66 on Monday. The business has a 50 day simple moving average of $18.69 and a two-hundred day simple moving average of $18.19. Blackstone Mortgage Trust, Inc. has a 1 year low of $16.53 and a 1 year high of $23.29.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.08.

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.