Short Interest in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Declines By 6.2%

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 21,960,000 shares, a drop of 6.2% from the October 31st total of 23,410,000 shares. Based on an average daily trading volume, of 1,580,000 shares, the short-interest ratio is currently 13.9 days.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Several large investors have recently modified their holdings of BXMT. Artemis Investment Management LLP purchased a new stake in Blackstone Mortgage Trust during the 3rd quarter valued at about $24,103,000. Van ECK Associates Corp lifted its position in Blackstone Mortgage Trust by 4.9% during the third quarter. Van ECK Associates Corp now owns 823,935 shares of the real estate investment trust’s stock valued at $15,737,000 after purchasing an additional 38,436 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Blackstone Mortgage Trust in the second quarter worth approximately $10,656,000. Rockefeller Capital Management L.P. increased its holdings in Blackstone Mortgage Trust by 1.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 595,425 shares of the real estate investment trust’s stock worth $11,319,000 after acquiring an additional 8,444 shares in the last quarter. Finally, GFS Advisors LLC boosted its stake in Blackstone Mortgage Trust by 9,068.6% during the third quarter. GFS Advisors LLC now owns 458,430 shares of the real estate investment trust’s stock valued at $8,715,000 after buying an additional 453,430 shares during the last quarter. Hedge funds and other institutional investors own 64.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their target price on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.08.

Blackstone Mortgage Trust Stock Down 1.5 %

Shares of BXMT traded down $0.28 during trading hours on Tuesday, reaching $18.81. The stock had a trading volume of 983,032 shares, compared to its average volume of 1,918,512. Blackstone Mortgage Trust has a 12 month low of $16.53 and a 12 month high of $23.29. The company’s 50-day moving average is $18.62 and its two-hundred day moving average is $18.23.

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.