Brokerages Set Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Target Price at $20.08

Shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) have earned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.08.

Separately, Wells Fargo & Company boosted their price target on Blackstone Mortgage Trust from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, September 20th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BXMT. Harbor Capital Advisors Inc. acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter worth approximately $39,000. McIlrath & Eck LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter worth approximately $63,000. Wellington Shields & Co. LLC raised its stake in shares of Blackstone Mortgage Trust by 98.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,255 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Blackstone Mortgage Trust during the 2nd quarter worth approximately $87,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter worth approximately $95,000. 64.15% of the stock is owned by institutional investors and hedge funds.

Blackstone Mortgage Trust Trading Up 0.4 %

Shares of NYSE:BXMT opened at $18.94 on Wednesday. Blackstone Mortgage Trust has a 12-month low of $16.53 and a 12-month high of $23.29. The company has a market capitalization of $3.28 billion, a PE ratio of -13.63 and a beta of 1.50. The business has a 50 day moving average of $18.54 and a two-hundred day moving average of $18.27.

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.