Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 98.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,342 shares of the real estate investment trust’s stock after selling 6,885,758 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Blackstone Mortgage Trust were worth $2,592,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Artemis Investment Management LLP acquired a new position in shares of Blackstone Mortgage Trust during the third quarter valued at approximately $24,103,000. Point72 Asset Management L.P. acquired a new position in shares of Blackstone Mortgage Trust during the 2nd quarter valued at $10,656,000. GFS Advisors LLC raised its stake in shares of Blackstone Mortgage Trust by 9,068.6% in the 3rd quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock worth $8,715,000 after buying an additional 453,430 shares in the last quarter. Choreo LLC acquired a new stake in shares of Blackstone Mortgage Trust in the second quarter valued at $6,983,000. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of Blackstone Mortgage Trust in the second quarter valued at $4,790,000. Institutional investors own 64.15% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company boosted their target price on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Blackstone Mortgage Trust currently has an average rating of “Hold” and a consensus target price of $20.08.

Blackstone Mortgage Trust Stock Up 1.0 %

Shares of BXMT stock opened at $19.14 on Wednesday. The business’s 50 day moving average is $18.67 and its two-hundred day moving average is $18.21. Blackstone Mortgage Trust, Inc. has a 12 month low of $16.53 and a 12 month high of $23.29. The company has a market cap of $3.31 billion, a PE ratio of -13.77 and a beta of 1.50.

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.