OppenheimerFunds Inc. boosted its position in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 0.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,241,257 shares of the real estate investment trust’s stock after buying an additional 2,262 shares during the period. OppenheimerFunds Inc. owned approximately 1.05% of Blackstone Mortgage Trust worth $39,013,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter valued at approximately $101,000. Cubist Systematic Strategies LLC bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter valued at approximately $141,000. Catalyst Capital Advisors LLC bought a new stake in shares of Blackstone Mortgage Trust in the 2nd quarter valued at approximately $157,000. Point72 Asset Management L.P. bought a new stake in shares of Blackstone Mortgage Trust in the 1st quarter valued at approximately $182,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Blackstone Mortgage Trust by 1,328.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,055 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 5,631 shares during the last quarter. 62.24% of the stock is owned by institutional investors.

NYSE:BXMT opened at $34.28 on Thursday. The company has a market capitalization of $4.07 billion, a PE ratio of 13.49, a P/E/G ratio of 2.69 and a beta of 0.46. Blackstone Mortgage Trust Inc has a 1 year low of $29.51 and a 1 year high of $34.58.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Tuesday, July 24th. The real estate investment trust reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.24. Blackstone Mortgage Trust had a return on equity of 9.24% and a net margin of 49.22%. The business had revenue of $103.75 million during the quarter, compared to analyst estimates of $89.07 million. During the same period last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 43.1% on a year-over-year basis. sell-side analysts predict that Blackstone Mortgage Trust Inc will post 2.56 earnings per share for the current fiscal year.

In other news, Treasurer Douglas N. Armer sold 803 shares of the stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $34.00, for a total value of $27,302.00. Following the sale, the treasurer now directly owns 62,196 shares in the company, valued at $2,114,664. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 2,253 shares of company stock worth $75,462. Company insiders own 0.96% of the company’s stock.

Several research firms have recently issued reports on BXMT. Zacks Investment Research raised Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. Credit Suisse Group raised their price objective on Blackstone Mortgage Trust from $33.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, August 21st. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Blackstone Mortgage Trust has an average rating of “Buy” and a consensus target price of $34.20.

About Blackstone Mortgage Trust

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.

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

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