Nisa Investment Advisors LLC lessened its stake in shares of Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,632 shares of the real estate investment trust’s stock after selling
The specialized lenders known as mortgage real estate investment trusts have a prominent spot on the injured list of players in commercial real estate. Since rising rates started to weigh on real estate borrowers in early 2022, shares of two mortgage REITs— Starwood Property Trust and Blackstone Mortgage Trust —have fallen 15% and 35%, respectively.
Wellington Management Group LLP decreased its position in Blackstone Mortgage Trust, Inc. (NYSE:BXMT – Free Report) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,749 shares of the real estate investment trust’s stock after selling 10,877 shares during the
The year-end reports have come in from a cadre of lenders who hold loans on some of the more troubled kinds of commercial real estate. The December quarter wasn’t easy for mortgage real estate investment trusts like Starwood Property Trust and Blackstone Mortgage Trust . Earnings calls among the dozen or so members of this
At Friday’s price of $21.36, they’re off around 5% since his Dec. 6 critique, while many other real-estate investment trusts have risen by a like percentage in celebration of easing interest rates. Block’s claim that the Blackstone trust will cut its dividend by half—as its borrowers struggle to refinance at higher rates—has stirred the hornet’s