Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $33.33.
Several equities analysts have commented on BXMT shares. JPMorgan Chase & Co. lowered shares of Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded shares of Blackstone Mortgage Trust from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Thursday, January 25th. B. Riley reiterated a “buy” rating and set a $33.00 price objective on shares of Blackstone Mortgage Trust in a research report on Friday, December 1st. Wells Fargo & Co started coverage on shares of Blackstone Mortgage Trust in a research report on Wednesday, December 6th. They set an “outperform” rating for the company. Finally, Keefe, Bruyette & Woods lowered shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 7th.
Blackstone Mortgage Trust (BXMT) traded down $0.01 during mid-day trading on Friday, reaching $32.07. 300,462 shares of the company’s stock traded hands, compared to its average volume of 903,295. Blackstone Mortgage Trust has a fifty-two week low of $29.51 and a fifty-two week high of $33.08. The company has a market capitalization of $3,445.98, a price-to-earnings ratio of 14.15, a P/E/G ratio of 2.64 and a beta of 0.57.
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Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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