JPMorgan Chase & Co. lowered its price target for Blackstone Mortgage Trust from $20.00 to $18.50, maintaining a "neutral" rating, while UBS Group raised its target from $19.00 to $19.50 with a similar rating. Keefe, Bruyette & Woods also reduced its target to $20.00, and JMP Securities reaffirmed a "market perform" rating. Currently, the stock has a consensus rating of "Hold" and a target price of $20.50, with significant institutional investment, including a 48.9% increase in holdings by Deutsche Bank AG. The company recently announced a quarterly dividend of $0.47, yielding 10.13%.
Huntington National Bank Increases Stake in Blackstone Mortgage Trust Significantly
Huntington National Bank significantly increased its stake in Blackstone Mortgage Trust by 1,672.9%, now holding 3,014 shares valued at $52,000. Analysts maintain a "Hold" rating on the stock, with UBS Group setting a price target of $19.50, indicating a potential upside. Insider transactions show CEO Katharine A. Keenan sold shares while Director Henry N. Nassau increased his holdings.
Blackstone Mortgage Trust Sees Increased Institutional Investment and Analyst Ratings Adjustments
Caxton Associates LLP invested approximately $1.77 million in Blackstone Mortgage Trust, while Jones Financial Companies Lllp increased its stake by 45.5%, now holding shares valued at $34,000. UBS Group raised its price target for the stock to $19.50, indicating a potential upside, amidst mixed analyst ratings. Insider trading saw Director Henry N. Nassau purchase 10,000 shares, while CEO Katharine A. Keenan sold 2,315 shares. Institutional investors own 64.15% of the company.