Wesley Capital Management Lowers stake in Blackstone Mortgage Trust Inc (BXMT)

Blackstone Mortgage Trust Inc (BXMT) : Wesley Capital Management reduced its stake in Blackstone Mortgage Trust Inc by 8.91% during the most recent quarter end. The investment management company now holds a total of 919,000 shares of Blackstone Mortgage Trust Inc which is valued at $26,834,800 after selling 89,939 shares in Blackstone Mortgage Trust Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Blackstone Mortgage Trust Inc makes up approximately 29.12% of Wesley Capital Management’s portfolio.

Other Hedge Funds, Including , Nine Chapters Capital Management sold out all of its stake in BXMT during the most recent quarter. The investment firm sold 97,600 shares of BXMT which is valued $2,849,920. Boston Advisors added BXMT to its portfolio by purchasing 323,476 company shares during the most recent quarter which is valued at $9,364,630. Blackstone Mortgage Trust Inc makes up approx 0.23% of Boston Advisors’s portfolio.

Blackstone Mortgage Trust Inc opened for trading at $28.84 and hit $28.95 on the upside on Wednesday, eventually ending the session at $28.88, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 3,79,461 shares. Company has a market cap of $2,712 M.

On the company’s financial health, Blackstone Mortgage Trust Inc reported $0.65 EPS for the quarter, based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus estimate of $0.65.Analysts expectations of $ 77.85.During the same quarter in the previous year, the company posted $0.60 EPS.

Blackstone Mortgage Trust Inc. is a holding company. The Company is a real estate investment trust (REIT) which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy Portfolio segment. The Company’s Loan Origination segment includes the Company’s activities associated with the origination and acquisition of mortgage loans the capitalization of its loan portfolio and the costs associated with operating its business. CT Legacy Partners’ portfolio consists of cash loans securities and other assets. The Company’s focus is to originate loans and invest in debt and related instruments supported by institutional commercial real estate. It directly originates co-originates and acquires debt instruments in conjunction with acquisitions refinancing and recapitalizations of commercial real estate around the world.

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