Were Hedge Funds Right About Blackstone Mortgage Trust Inc (BXMT)?
We at Insider Monkey have gone over 866 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st. In this article, we look at what those funds think of Blackstone Mortgage Trust Inc (NYSE:BXMT) based on that data.
Blackstone Mortgage Trust Inc (NYSE:BXMT) shareholders have witnessed a decrease in activity from the world’s largest hedge funds lately. Blackstone Mortgage Trust Inc (NYSE:BXMT) was in 16 hedge funds’ portfolios at the end of the first quarter of 2021. The all time high for this statistic is 24. Our calculations also showed that BXMT isn’t among the 30 most popular stocks among hedge funds (click for Q1 rankings).
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Company Description
Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America and Europe. The vast majority of the company s asset portfolio is comprised of floating rate loans secured by first priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties. A significant percentage of the collateralized real estate properties are located in New York, California, or the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust s revenue is generated in the form of interest income.