Penserra Capital Management LLC Boosts Holdings in Blackstone Mortgage Trust, Inc. (NYSE:BXMT)

Penserra Capital Management LLC lifted its position in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) by 23.0% during the third quarter, HoldingsChannel reports. The firm owned 56,422 shares of the real estate investment trust’s stock after purchasing an additional 10,540 shares during the quarter. Penserra Capital Management LLC’s holdings in Blackstone Mortgage Trust were worth $1,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Blackstone Mortgage Trust by 7.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 88,044 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 6,276 shares during the last quarter. Cetera Advisors LLC lifted its stake in Blackstone Mortgage Trust by 29.5% in the first quarter. Cetera Advisors LLC now owns 12,381 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 2,824 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Blackstone Mortgage Trust during the first quarter valued at $2,803,000. Transcend Capital Advisors LLC grew its position in shares of Blackstone Mortgage Trust by 160.0% during the second quarter. Transcend Capital Advisors LLC now owns 69,264 shares of the real estate investment trust’s stock worth $1,207,000 after acquiring an additional 42,623 shares during the last quarter. Finally, Park Place Capital Corp bought a new position in shares of Blackstone Mortgage Trust during the second quarter worth about $26,000. 64.15% of the stock is owned by hedge funds and other institutional investors.

Blackstone Mortgage Trust Trading Up 1.0 %

Blackstone Mortgage Trust stock opened at $19.14 on Wednesday. Blackstone Mortgage Trust, Inc. has a 52 week low of $16.53 and a 52 week high of $23.29. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of -13.77 and a beta of 1.50. The company’s 50-day moving average price is $18.67 and its two-hundred day moving average price is $18.21.

Analyst Ratings Changes

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

Blackstone Mortgage Trust 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.