Neville Rodie & Shaw Inc. reduced its position in Blackstone Mortgage Trust Inc (NYSE:BXMT) by 2.9% during the first quarter, Holdings Channel reports. The fund owned 249,289 shares of the real estate investment trust’s stock after selling 7,319 shares during the period. Neville Rodie & Shaw Inc.’s holdings in Blackstone Mortgage Trust were worth $7,718,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its stake in Blackstone Mortgage Trust by 6.5% in the third quarter. BlackRock Fund Advisors now owns 2,491,060 shares of the real estate investment trust’s stock worth $73,362,000 after buying an additional 152,018 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Blackstone Mortgage Trust during the third quarter worth $630,000. PNC Financial Services Group Inc. increased its stake in Blackstone Mortgage Trust by 27.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,276 shares of the real estate investment trust’s stock worth $156,000 after buying an additional 1,126 shares during the last quarter. JRM Investment Counsel LLC increased its stake in Blackstone Mortgage Trust by 7.7% in the third quarter. JRM Investment Counsel LLC now owns 222,760 shares of the real estate investment trust’s stock worth $6,560,000 after buying an additional 15,920 shares during the last quarter. Finally, Allegis Investment Advisors LLC purchased a new stake in Blackstone Mortgage Trust during the third quarter worth $1,366,000. Institutional investors own 71.56% of the company’s stock.
Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) traded up 0.49% during mid-day trading on Friday, reaching $30.54. The company’s stock had a trading volume of 587,840 shares. The company has a market cap of $2.90 billion, a PE ratio of 12.39 and a beta of 0.84. Blackstone Mortgage Trust Inc has a 52-week low of $26.46 and a 52-week high of $31.53. The company has a 50-day moving average price of $30.75 and a 200 day moving average price of $30.58.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.08. The company had revenue of $71.84 million during the quarter, compared to analysts’ expectations of $76.62 million. Blackstone Mortgage Trust had a return on equity of 9.35% and a net margin of 59.83%. Blackstone Mortgage Trust’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Equities analysts expect that Blackstone Mortgage Trust Inc will post $2.55 earnings per share for the current year.
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A number of research firms recently weighed in on BXMT. Zacks Investment Research upgraded Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. Deutsche Bank AG boosted their target price on Blackstone Mortgage Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Blackstone Mortgage Trust in a research report on Thursday, April 6th. JMP Securities downgraded Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 16th. They noted that the move was a valuation call. Finally, FBR & Co restated a “buy” rating on shares of Blackstone Mortgage Trust in a research report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.50.
About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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