FJ Capital Management LLC Acquires Shares of 31,685 Blackstone Mortgage Trust, Inc. $BXMT

FJ Capital Management LLC acquired a new stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,685 shares of the real estate investment trust’s stock, valued at approximately $606,000.

Several other institutional investors and hedge funds have also bought and sold shares of BXMT. Elevation Point Wealth Partners LLC increased its holdings in shares of Blackstone Mortgage Trust by 2.2% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 24,602 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 525 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Blackstone Mortgage Trust by 45.5% during the 1st quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 536 shares in the last quarter. Kennicott Capital Management LLC increased its holdings in shares of Blackstone Mortgage Trust by 2.6% during the 4th quarter. Kennicott Capital Management LLC now owns 36,450 shares of the real estate investment trust’s stock valued at $697,000 after purchasing an additional 921 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Blackstone Mortgage Trust by 0.4% during the 3rd quarter. California Public Employees Retirement System now owns 249,450 shares of the real estate investment trust’s stock valued at $4,592,000 after purchasing an additional 976 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Blackstone Mortgage Trust by 21.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 5,623 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 978 shares in the last quarter. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BXMT shares. UBS Group started coverage on shares of Blackstone Mortgage Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $21.00 target price for the company. Zacks Research lowered shares of Blackstone Mortgage Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings lowered shares of Blackstone Mortgage Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Blackstone Mortgage Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.38.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE BXMT opened at $18.35 on Friday. The firm has a market cap of $3.10 billion, a PE ratio of 30.08 and a beta of 0.89. The firm has a fifty day moving average of $18.85 and a 200 day moving average of $19.23. Blackstone Mortgage Trust, Inc. has a one year low of $17.67 and a one year high of $20.67.

Insider Buying and Selling

In related news, President Fernando Austin Pena sold 1,666 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $18.88, for a total value of $31,454.08. Following the completion of the sale, the president owned 76,967 shares of the company’s stock, valued at approximately $1,453,136.96. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.18% of the company’s stock.

Blackstone Mortgage Trust Profile

Blackstone Mortgage Trust, Inc (NYSE: BXMT) is a publicly traded real estate finance company that originates, acquires and manages commercial mortgage loans and other CRE debt investments. As an externally managed real estate investment trust (REIT), it seeks to generate attractive risk-adjusted returns through the deployment of senior floating-rate and fixed-rate loans backed by income-producing properties.

The firm’s core business activities span the origination of senior mortgage loans, the acquisition of loan portfolios and other real estate debt instruments, and the active management of those investments.