Blackstone Mortgage Trust (NYSE:BXMT) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Blackstone Mortgage Trust (NYSE:BXMT) had its price target boosted by Keefe, Bruyette & Woods from $18.50 to $19.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price indicates a potential downside of 0.71% from the stock’s current price.

Several other research analysts have also commented on BXMT. JPMorgan Chase & Co. reduced their price target on shares of Blackstone Mortgage Trust from $18.50 to $17.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Wolfe Research raised shares of Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Wednesday, December 11th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.29.

Blackstone Mortgage Trust Stock Performance

BXMT stock traded up $0.41 on Thursday, reaching $19.64. The company had a trading volume of 203,691 shares, compared to its average volume of 1,600,435. The company’s fifty day moving average is $18.21 and its 200 day moving average is $18.36. The company has a market cap of $3.40 billion, a P/E ratio of -14.12 and a beta of 1.50. Blackstone Mortgage Trust has a 1 year low of $16.53 and a 1 year high of $20.73.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 12.91% and a positive return on equity of 9.35%. On average, sell-side analysts predict that Blackstone Mortgage Trust will post 1.95 earnings per share for the current year.

Hedge Funds Weigh In On Blackstone Mortgage Trust

Institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC acquired a new position in shares of Blackstone Mortgage Trust during the second quarter worth approximately $445,000. Everence Capital Management Inc. acquired a new stake in shares of Blackstone Mortgage Trust in the third quarter valued at $466,000. Sequoia Financial Advisors LLC bought a new position in Blackstone Mortgage Trust during the third quarter valued at about $1,695,000. Dupree Financial Group LLC grew its holdings in Blackstone Mortgage Trust by 98.8% during the third quarter. Dupree Financial Group LLC now owns 273,560 shares of the real estate investment trust’s stock worth $5,200,000 after acquiring an additional 135,963 shares during the period. Finally, Ellis Investment Partners LLC raised its position in Blackstone Mortgage Trust by 4.4% in the third quarter. Ellis Investment Partners LLC now owns 168,521 shares of the real estate investment trust’s stock worth $3,204,000 after acquiring an additional 7,108 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.