Pacific Capital Partners Ltd Decreases Stock Holdings in Blackstone Mortgage Trust, Inc. $BXMT

Key Points

• Pacific Capital Partners Ltd has decreased its holdings in Blackstone Mortgage Trust, Inc. by 56.3%, now owning 87,500 shares after selling 112,500 shares in the second quarter.
• Analysts have mixed views on the stock, with Keefe, Bruyette & Woods lowering their price target from $20.00 to $19.50 while UBS Group raised it from $19.50 to $20.00.
• The stock is currently rated as a "Hold" by the consensus, with a market capitalization of $3.35 billion and a recent trading price of $19.51.

Pacific Capital Partners Ltd trimmed its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT - Free Report) by 56.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,500 shares of the real estate investment trust's stock after selling 112,500 shares during the period. Blackstone Mortgage Trust makes up approximately 1.6% of Pacific Capital Partners Ltd's holdings, making the stock its 21st biggest holding. Pacific Capital Partners Ltd owned approximately 0.05% of Blackstone Mortgage Trust worth $1,684,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BXMT. Cetera Investment Advisers raised its holdings in shares of Blackstone Mortgage Trust by 375.3% during the 4th quarter. Cetera Investment Advisers now owns 124,037 shares of the real estate investment trust's stock worth $2,159,000 after acquiring an additional 97,939 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $102,000. Deutsche Bank AG raised its holdings in shares of Blackstone Mortgage Trust by 48.9% during the 4th quarter. Deutsche Bank AG now owns 146,450 shares of the real estate investment trust's stock worth $2,550,000 after acquiring an additional 48,114 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Blackstone Mortgage Trust by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 574,665 shares of the real estate investment trust's stock worth $10,005,000 after acquiring an additional 46,221 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Blackstone Mortgage Trust by 473.3% during the 4th quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust's stock worth $10,882,000 after acquiring an additional 516,023 shares in the last quarter. 64.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price target on Blackstone Mortgage Trust from $20.00 to $19.50 and set a "market perform" rating on the stock in a report on Thursday, July 31st. UBS Group increased their price target on Blackstone Mortgage Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $20.00.

Blackstone Mortgage Trust Stock Performance

NYSE:BXMT opened at $19.51 on Friday. The stock's fifty day moving average is $19.34 and its 200 day moving average is $19.32. The firm has a market capitalization of $3.35 billion, a PE ratio of -278.71 and a beta of 1.16. Blackstone Mortgage Trust, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $21.24.

Insider Buying and Selling at Blackstone Mortgage Trust

In other Blackstone Mortgage Trust news, CFO Anthony F. Marone, Jr. sold 1,517 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $19.20, for a total value of $29,126.40. Following the transaction, the chief financial officer owned 64,082 shares of the company's stock, valued at $1,230,374.40. This represents a 2.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Katharine A. Keenan sold 6,931 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $19.13, for a total value of $132,590.03. Following the completion of the transaction, the chief executive officer directly owned 236,914 shares in the company, valued at $4,532,164.82. This trade represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,069 shares of company stock worth $231,343 in the last ninety days. 1.02% of the stock is currently owned by corporate insiders.

Blackstone Mortgage Trust Company Profile

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.

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