At the time of writing, Blackstone Mortgage Trust Inc [BXMT] stock is trading at $18.86, up 1.73%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BXMT shares have gain 3.23% over the last week, with a monthly amount drifted -7.09%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Blackstone Mortgage Trust Inc [NYSE: BXMT] stock has seen the most recent analyst activity on March 04, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $21 from $22. Previously, UBS started tracking the stock with Neutral rating on December 06, 2023, and set its price target to $23.50. On July 17, 2023, BTIG Research reiterated its Buy rating and revised its price target to $24 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform but $26 remained the price target by the analyst firm on December 15, 2022. Keefe Bruyette upgraded its rating to Outperform for this stock on November 29, 2021, but kept the price target unchanged to $34. In a note dated April 26, 2021, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $31.
For the past year, the stock price of Blackstone Mortgage Trust Inc fluctuated between $16.83 and $23.82. Blackstone Mortgage Trust Inc [NYSE: BXMT] shares were valued at $18.86 at the most recent close of the market.
Analyzing the BXMT fundamentals
According to Blackstone Mortgage Trust Inc [NYSE:BXMT], the company’s sales were 2.01B for trailing twelve months, which represents an 10.26% jump. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at 0.84%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 18.59 points at the first support level, and at 18.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.07, and for the 2nd resistance point, it is at 19.28.
Blackstone Mortgage Trust Inc [BXMT] reported earnings per share of $0.69 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.62/share, meaning a difference of $0.07 and a surprise factor of 11.30%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.78 per share as compared to estimates of $0.69 per share, a difference of $0.09 representing a surprise of 13.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 0.75 and price to earnings (TTM) ratio is 13.38.
Transactions by insiders
Recent insider trading involved Keenan Katharine A, CEO & President, that happened on Mar 11 ’24 when 2275.0 shares were sold. Chief Financial Officer, Marone Anthony F. JR completed a deal on Mar 11 ’24 to sell 485.0 shares. Meanwhile, CEO & President Keenan Katharine A sold 2274.0 shares on Mar 01 ’24.
