Blackstone Mortgage Trust (NYSE:BXMT) Price Target Lowered to $17.50 at JPMorgan Chase & Co.

Blackstone Mortgage Trust (NYSE:BXMT) had its price objective reduced by investment analysts at JPMorgan Chase & Co. from $18.50 to $17.50 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 2.32% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Wells Fargo & Company cut their target price on Blackstone Mortgage Trust from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group cut their price objective on shares of Blackstone Mortgage Trust from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Thursday. Bank of America cut shares of Blackstone Mortgage Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $22.00 to $21.00 in a research report on Monday, March 4th. Keefe, Bruyette & Woods dropped their target price on shares of Blackstone Mortgage Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. Finally, BTIG Research cut their target price on shares of Blackstone Mortgage Trust from $24.00 to $22.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.93.

Blackstone Mortgage Trust Price Performance

Shares of NYSE BXMT opened at $17.92 on Thursday. The stock has a market cap of $3.11 billion, a PE ratio of 597.17 and a beta of 1.42. Blackstone Mortgage Trust has a 1 year low of $16.83 and a 1 year high of $23.82. The firm has a fifty day moving average price of $19.47 and a 200-day moving average price of $20.57.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $20.25, for a total value of $46,068.75. Following the sale, the chief executive officer now directly owns 192,023 shares in the company, valued at approximately $3,888,465.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,274 shares of Blackstone Mortgage Trust stock in a transaction on Friday, March 1st. The shares were sold at an average price of $20.42, for a total transaction of $46,435.08. Following the completion of the transaction, the chief executive officer now directly owns 194,298 shares of the company’s stock, valued at $3,967,565.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Katharine A. Keenan sold 2,275 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $20.25, for a total transaction of $46,068.75. Following the transaction, the chief executive officer now owns 192,023 shares in the company, valued at approximately $3,888,465.75. The disclosure for this sale can be found here. Insiders sold 5,540 shares of company stock worth $112,642 over the last 90 days. 1.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Several institutional investors have recently made changes to their positions in the company. Central Bank & Trust Co. bought a new stake in shares of Blackstone Mortgage Trust during the 4th quarter worth approximately $25,000. Cape Investment Advisory Inc. bought a new position in shares of Blackstone Mortgage Trust in the fourth quarter worth about $42,000. GAMMA Investing LLC purchased a new position in Blackstone Mortgage Trust in the 4th quarter worth about $45,000. Creekmur Asset Management LLC bought a new stake in Blackstone Mortgage Trust during the 4th quarter valued at about $51,000. Finally, Sandy Spring Bank lifted its holdings in Blackstone Mortgage Trust by 10,652.0% during the 4th quarter. Sandy Spring Bank now owns 2,688 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 2,663 shares in the last quarter. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Company 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.