Today: Today: Neuberger Berman Group LLC Cuts Position in Blackstone Mortgage Trust Inc. (BXMT)

Today: Neuberger Berman Group LLC Cuts Position in Blackstone Mortgage Trust Inc. (BXMT)

Neuberger Berman Group LLC cut its position in shares of Blackstone Mortgage Trust Inc. (NYSE:BXMT) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,010,010 shares of the real estate investment trust’s stock after selling 342,502 shares during the period. Neuberger Berman Group LLC owned 3.21% of Blackstone Mortgage Trust worth $88,645,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital Advisors Inc. OK raised its stake in Blackstone Mortgage Trust by 4.9% in the third quarter. Capital Advisors Inc. OK now owns 380,484 shares of the real estate investment trust’s stock worth $11,205,000 after buying an additional 17,855 shares during the last quarter. Aperio Group LLC raised its stake in Blackstone Mortgage Trust by 31.5% in the third quarter. Aperio Group LLC now owns 15,898 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 3,809 shares during the last quarter. BB&T Corp raised its stake in Blackstone Mortgage Trust by 48.2% in the third quarter. BB&T Corp now owns 13,196 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 4,289 shares during the last quarter. First Trust Advisors LP raised its stake in Blackstone Mortgage Trust by 27.4% in the third quarter. First Trust Advisors LP now owns 391,366 shares of the real estate investment trust’s stock worth $11,526,000 after buying an additional 84,276 shares during the last quarter. Finally, Wellington Shields & Co. LLC raised its stake in Blackstone Mortgage Trust by 170.9% in the third quarter. Wellington Shields & Co. LLC now owns 27,614 shares of the real estate investment trust’s stock worth $813,000 after buying an additional 17,422 shares during the last quarter. 70.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of Blackstone Mortgage Trust Inc. (NYSE:BXMT) traded up 0.67% on Monday, reaching $30.21. 452,952 shares of the company’s stock traded hands. The company’s 50-day moving average is $29.41 and its 200-day moving average is $28.81. The firm has a market capitalization of $2.84 billion, a P/E ratio of 11.35 and a beta of 0.97. Blackstone Mortgage Trust Inc. has a 52 week low of $22.13 and a 52 week high of $30.81.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Tuesday, October 25th. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $0.72 earnings per share. Equities research analysts anticipate that Blackstone Mortgage Trust Inc. will post $2.67 earnings per share 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 Tuesday, September 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus 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.

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