Claraphi Advisory Network LLC reduced its position in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 11.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,953 shares of the real estate investment trust’s stock after selling 2,714 shares during the quarter. Claraphi Advisory Network LLC’s holdings in Blackstone Mortgage Trust were worth $702,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Blackstone Mortgage Trust by 33.0% during the 1st quarter. Principal Financial Group Inc. now owns 524,280 shares of the real estate investment trust’s stock valued at $16,473,000 after buying an additional 129,991 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Blackstone Mortgage Trust by 5.3% during the 1st quarter. Allianz Asset Management GmbH now owns 102,928 shares of the real estate investment trust’s stock valued at $3,234,000 after buying an additional 5,209 shares in the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at $259,000. Amalgamated Bank bought a new stake in shares of Blackstone Mortgage Trust during the 2nd quarter valued at $438,000. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Blackstone Mortgage Trust by 46.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 9,507 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 3,009 shares in the last quarter. 64.05% of the stock is owned by hedge funds and other institutional investors.

In other news, Treasurer Douglas N. Armer sold 909 shares of Blackstone Mortgage Trust stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $34.84, for a total value of $31,669.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer Douglas N. Armer sold 803 shares of Blackstone Mortgage Trust stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $34.00, for a total value of $27,302.00. Following the completion of the transaction, the treasurer now directly owns 62,196 shares of the company’s stock, valued at approximately $2,114,664. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,413 shares of company stock valued at $83,123. 0.96% of the stock is owned by insiders.

BXMT opened at $34.97 on Monday. The stock has a market capitalization of $4.23 billion, a PE ratio of 13.40, a P/E/G ratio of 2.65 and a beta of 0.46. Blackstone Mortgage Trust Inc has a 1 year low of $29.51 and a 1 year high of $35.42.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $105.15 million during the quarter, compared to analyst estimates of $97.06 million. Blackstone Mortgage Trust had a return on equity of 9.36% and a net margin of 50.60%. During the same quarter in the previous year, the firm earned $0.69 EPS. As a group, research analysts expect that Blackstone Mortgage Trust Inc will post 2.64 earnings per share for the current year.

BXMT has been the topic of a number of research reports. TheStreet upgraded shares of Blackstone Mortgage Trust from a “c+” rating to a “b+” rating in a report on Wednesday, October 31st. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Friday, October 26th. ValuEngine upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating in a report on Wednesday, October 24th. Citigroup initiated coverage on shares of Blackstone Mortgage Trust in a report on Friday, October 12th. They set a “neutral” rating and a $33.00 target price on the stock. Finally, BTIG Research initiated coverage on shares of Blackstone Mortgage Trust in a report on Monday, October 8th. They set a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $35.00.

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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.

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

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