California Public Employees Retirement System reduced its position in Blackstone Mortgage Trust Inc. (NYSE:BXMT) by 5.9% during the third quarter, Holdings Channel reports. The fund owned 156,000 shares of the real estate investment trust’s stock after selling 9,800 shares during the period. California Public Employees Retirement System owned about 0.17% of Blackstone Mortgage Trust worth $4,594,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pacad Investment Ltd. purchased a new stake in Blackstone Mortgage Trust during the second quarter worth $144,000. First Manhattan Co. boosted its stake in Blackstone Mortgage Trust by 40.2% in the third quarter. First Manhattan Co. now owns 6,450 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 1,850 shares during the period. IFP Advisors Inc boosted its stake in Blackstone Mortgage Trust by 188.1% in the second quarter. IFP Advisors Inc now owns 6,532 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 4,265 shares during the period. 1st Global Advisors Inc. purchased a new stake in Blackstone Mortgage Trust during the third quarter worth $203,000. Finally, MAI Capital Management purchased a new stake in Blackstone Mortgage Trust during the second quarter worth $208,000. Institutional investors own 75.08% of the company’s stock.
Blackstone Mortgage Trust Inc. (NYSE:BXMT) traded up 0.98% during trading on Friday, reaching $30.01. 261,404 shares of the company’s stock traded hands. Blackstone Mortgage Trust Inc. has a 12 month low of $22.13 and a 12 month high of $30.81. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 11.27 and a beta of 0.97. The firm’s 50 day moving average is $29.41 and its 200-day moving average is $28.81.
Blackstone Mortgage Trust (NYSE:BXMT) last announced its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. Blackstone Mortgage Trust had a net margin of 59.83% and a return on equity of 9.35%. During the same quarter last year, the company earned $0.72 EPS. Analysts expect that Blackstone Mortgage Trust Inc. will post $2.67 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of Blackstone Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $30.67.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company, which conducts its operations as a real estate investment trust. The Company is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. Its business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, residential, retail, industrial and healthcare sectors in North America and Europe.