Natixis Advisors LLC Increases Stake in Blackstone Mortgage Trust, Inc.

Natixis Advisors LLC has recently made a strategic investment in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by acquiring a new stake during the third quarter. According to their latest 13F filing with the SEC, Natixis Advisors purchased 11,095 shares of this real estate investment trust (REIT), which is valued at around $211,000.

In addition to Natixis Advisors, several other hedge funds have also adjusted their positions in Blackstone Mortgage Trust. Artemis Investment Management LLP made a significant move by purchasing a new stake worth approximately $24,103,000 during the same period. Meanwhile, Van ECK Associates Corp increased its holdings by 4.9%, acquiring an additional 38,436 shares, bringing its total ownership to 823,935 shares valued at around $15,737,000.

Furthermore, Point72 Asset Management L.P. acquired a new stake in the second quarter valued at about $10,656,000. GFS Advisors LLC made an impressive expansion of its holdings, growing by an astounding 9,068.6% in the third quarter, which resulted in ownership of 458,430 shares worth $8,715,000 after purchasing an additional 453,430 shares. Lastly, Choreo LLC also entered the market with a new stake valued at approximately $6,983,000. As a result, institutional investors and hedge funds collectively own 64.15% of Blackstone Mortgage Trust's stock.

Analysts Update Price Targets

In a recent report, Wells Fargo & Company raised its price target for Blackstone Mortgage Trust from $19.00 to $22.00, giving the stock an “overweight” rating. Currently, six analysts have rated the stock as a hold, while two others have issued buy ratings. According to MarketBeat.com, the average rating for the stock is “Hold,” with a consensus price target set at $20.08.

Blackstone Mortgage Trust Stock Overview

The stock of Blackstone Mortgage Trust started trading at $19.22 on Friday. Over the past year, the stock has seen a low of $16.53 and a high of $23.29. The company maintains a 50-day moving average price of $18.63 and a 200-day moving average price of $18.23. Blackstone Mortgage Trust has a market capitalization of $3.32 billion, a price-to-earnings ratio of -13.83, and a beta value of 1.50.

About Blackstone Mortgage Trust

(Free Report)

Blackstone Mortgage Trust is known for providing real estate finance solutions. The company specializes in originating senior loans that are collateralized by commercial properties across North America, Europe, and Australia. It focuses on acquiring senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.

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Curious about other hedge fund activities regarding BXMT? Visit LinkedIn for the latest 13F filings and insider transactions for Blackstone Mortgage Trust, Inc.

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