Blackstone Mortgage Trust (NYSE:BXMT) Given Neutral Rating at UBS Group

Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at UBS Group in a research note issued to investors on Wednesday, Marketbeat reports. They currently have a $19.50 price objective on the real estate investment trust's stock, up from their previous price objective of $19.00. UBS Group's target price would suggest a potential upside of 4.22% from the company's current price.

A number of other equities analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their price objective on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Blackstone Mortgage Trust in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.50.

Blackstone Mortgage Trust Price Performance

BXMT opened at $18.71 on Wednesday. Blackstone Mortgage Trust has a one year low of $16.51 and a one year high of $21.24. The company's 50 day simple moving average is $19.09 and its 200-day simple moving average is $18.93. The stock has a market capitalization of $3.21 billion, a P/E ratio of -15.99 and a beta of 1.12.

Insider Transactions at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,323 shares of Blackstone Mortgage Trust stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $20.70, for a total transaction of $48,086.10. Following the transaction, the chief executive officer now directly owns 248,487 shares of the company's stock, valued at $5,143,680.90. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Henry N. Nassau purchased 10,000 shares of Blackstone Mortgage Trust stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average cost of $18.90 per share, for a total transaction of $189,000.00. Following the completion of the transaction, the director now owns 182,946 shares of the company's stock, valued at approximately $3,457,679.40. This represents a 5.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 5,652 shares of company stock valued at $116,971 over the last three months. 1.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Blackstone Mortgage Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BXMT. SVB Wealth LLC acquired a new stake in shares of Blackstone Mortgage Trust during the first quarter worth $29,000. Jones Financial Companies Lllp raised its holdings in shares of Blackstone Mortgage Trust by 45.5% during the first quarter. Jones Financial Companies Lllp now owns 1,715 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 536 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Blackstone Mortgage Trust by 125.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 1,204 shares during the period. Rossby Financial LCC acquired a new stake in shares of Blackstone Mortgage Trust during the first quarter worth $49,000. Finally, Huntington National Bank raised its holdings in shares of Blackstone Mortgage Trust by 1,672.9% during the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock worth $52,000 after acquiring an additional 2,844 shares during the period. 64.15% of the stock is currently owned by institutional investors and hedge funds.

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.