As Blackstone Mtg Tr INC (BXMT) Share Value Declined, Holder Blackstone Group LP Cut Position

April 16, 2018 - By Dolores Ford

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) LogoInvestors sentiment increased to 1.69 in 2017 Q4. Its up 0.38, from 1.31 in 2017Q3. It is positive, as 13 investors sold BXMT shares while 55 reduced holdings. 36 funds opened positions while 79 raised stakes. 62.63 million shares or 13.49% more from 55.19 million shares in 2017Q3 were reported. Lpl Financial Lc owns 0.01% invested in Blackstone Mortgage Trust, Inc. (NYSE:BXMT) for 127,502 shares. 4,829 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Retail Bank Of New York Mellon has invested 0% of its portfolio in Blackstone Mortgage Trust, Inc. (NYSE:BXMT). Private Capital Advsrs Inc owns 159,543 shares or 1.78% of their US portfolio. Wellington Shields & Ltd Liability has 0.47% invested in Blackstone Mortgage Trust, Inc. (NYSE:BXMT). Magnetar Limited Liability, a Illinois-based fund reported 16,347 shares. Pnc Grp has invested 0% in Blackstone Mortgage Trust, Inc. (NYSE:BXMT). Moors And Cabot accumulated 13,584 shares. Barclays Public Ltd Company reported 12,465 shares stake. Deutsche State Bank Ag accumulated 0.01% or 481,719 shares. Mai Capital Mgmt owns 8,579 shares or 0.02% of their US portfolio. Fort Washington Inv Advisors Oh invested 0.01% in Blackstone Mortgage Trust, Inc. (NYSE:BXMT). Thompson Siegel & Walmsley Limited Liability Company reported 0.03% stake. Tradition Cap Ltd Liability Corporation holds 0.41% or 46,695 shares in its portfolio. Grs Advsr Ltd Liability Company reported 351,720 shares or 6.54% of all its holdings.

Since February 28, 2018, it had 0 insider buys, and 3 insider sales for $27,793 activity. $6,248 worth of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) was sold by Marone Anthony F. JR. Ruffing Thomas C also sold $3,565 worth of Blackstone Mortgage Trust, Inc. (NYSE:BXMT) shares.

Blackstone Group Lp decreased its stake in Blackstone Mtg Tr Inc (BXMT) by 7.69% based on its latest 2017Q4 regulatory filing with the SEC. Blackstone Group Lp sold 405,016 shares as the company’s stock declined 2.91% with the market. The institutional investor held 4.86 million shares of the consumer services company at the end of 2017Q4, valued at $156.35M, down from 5.26 million at the end of the previous reported quarter. Blackstone Group Lp who had been investing in Blackstone Mtg Tr Inc for a number of months, seems to be less bullish one the $3.38 billion market cap company. The stock increased 0.71% or $0.22 during the last trading session, reaching $31.22. About 218,612 shares traded. Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has risen 2.42% since April 16, 2017 and is uptrending. It has underperformed by 9.13% the S&P500.

Blackstone Group Lp, which manages about $24.56B US Long portfolio, upped its stake in Cvr Partners Lp (NYSE:UAN) by 3.13 million shares to 9.05M shares, valued at $29.70M in 2017Q4, according to the filing.

Analysts await Blackstone Mortgage Trust, Inc. (NYSE:BXMT) to report earnings on April, 24. They expect $0.58 EPS, up 5.45 % or $0.03 from last year’s $0.55 per share. BXMT’s profit will be $62.76M for 13.46 P/E if the $0.58 EPS becomes a reality. After $0.59 actual EPS reported by Blackstone Mortgage Trust, Inc. for the previous quarter, Wall Street now forecasts -1.69 % negative EPS growth.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Ratings Coverage

Among 5 analysts covering Blackstone Mortgage (NYSE:BXMT), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Blackstone Mortgage had 7 analyst reports since October 25, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, December 7 by Keefe Bruyette & Woods. FBR Capital maintained the shares of BXMT in report on Thursday, February 15 with “Buy” rating. FBR Capital maintained the stock with “Buy” rating in Friday, December 1 report. The firm earned “Outperform” rating on Wednesday, December 6 by Wells Fargo. J.P. Morgan downgraded it to “Hold” rating and $31.0 target in Tuesday, February 6 report.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Ratings Chart

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