Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,618 shares of the real estate investment trust’s stock after purchasing an additional 2,766 shares during the period. Nisa Investment Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $1,359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BXMT. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Blackstone Mortgage Trust by 33.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 100,190 shares of the real estate investment trust’s stock worth $1,995,000 after acquiring an additional 25,200 shares in the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Blackstone Mortgage Trust by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 150,574 shares of the real estate investment trust’s stock worth $2,998,000 after purchasing an additional 1,929 shares in the last quarter. AIA Group Ltd acquired a new position in shares of Blackstone Mortgage Trust during the 1st quarter worth about $904,000. QRG Capital Management Inc. raised its position in shares of Blackstone Mortgage Trust by 20.5% during the 1st quarter. QRG Capital Management Inc. now owns 207,810 shares of the real estate investment trust’s stock worth $4,137,000 after purchasing an additional 35,291 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Blackstone Mortgage Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 34,760 shares of the real estate investment trust’s stock valued at $692,000 after buying an additional 2,397 shares in the last quarter. 64.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on BXMT. JMP Securities reissued a “market perform” rating on shares of Blackstone Mortgage Trust in a report on Tuesday, July 23rd. BTIG Research reissued a “buy” rating and issued a $23.00 price objective on shares of Blackstone Mortgage Trust in a research note on Friday, July 19th. Finally, Wells Fargo & Company lifted their target price on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.08.

Blackstone Mortgage Trust Stock Performance

NYSE BXMT opened at $18.25 on Monday. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $23.29. The firm has a market capitalization of $3.16 billion, a P/E ratio of -13.13 and a beta of 1.50. The stock’s fifty day moving average is $18.66 and its two-hundred day moving average is $18.16.

Blackstone Mortgage Trust announced that its board has approved a share buyback plan on Wednesday, July 24th that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, Director Henry N. Nassau bought 10,000 shares of Blackstone Mortgage Trust stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $17.52 per share, with a total value of $175,200.00. Following the completion of the purchase, the director now directly owns 165,557 shares of the company’s stock, valued at approximately $2,900,558.64. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have sold 1,495 shares of company stock valued at $27,899. 0.93% of the stock is currently owned by insiders.

About Blackstone Mortgage Trust

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.