Mariner Wealth Advisors LLC boosted its stake in shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) by 11.1% during the 4th quarter, Holdings Channel reports. The fund owned 180,440 shares of the real estate investment trust’s stock after purchasing an additional 18,000 shares during the period. Mariner Wealth Advisors LLC’s holdings in Blackstone Mortgage Trust were worth $5,806,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of BXMT. SG Americas Securities LLC bought a new stake in Blackstone Mortgage Trust during the third quarter worth approximately $422,000. Blackstone Group L.P. increased its stake in Blackstone Mortgage Trust by 14.4% during the third quarter. Blackstone Group L.P. now owns 5,263,579 shares of the real estate investment trust’s stock worth $163,276,000 after acquiring an additional 663,846 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Blackstone Mortgage Trust during the third quarter worth approximately $284,000. Janney Capital Management LLC bought a new stake in Blackstone Mortgage Trust during the third quarter worth approximately $620,000. Finally, Janney Montgomery Scott LLC bought a new stake in Blackstone Mortgage Trust during the third quarter worth approximately $203,000. 54.42% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on BXMT. B. Riley reissued a “buy” rating and set a $33.00 price objective on shares of Blackstone Mortgage Trust in a research note on Friday, December 1st. Zacks Investment Research raised Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, January 25th. FBR & Co boosted their price objective on Blackstone Mortgage Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods cut Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th. Finally, Wells Fargo & Co began coverage on Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They set an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Blackstone Mortgage Trust has an average rating of “Buy” and an average price target of $33.60.
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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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