Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) had its price target cut by research analysts at UBS Group from $19.50 to $18.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's price objective would indicate a potential upside of 0.11% from the company's current price.
A number of other equities research analysts have also issued reports on BXMT. JPMorgan Chase & Co. decreased their target price on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods reduced their target price on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a "market perform" rating on the stock in a research note on Monday, April 7th. Four investment 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.com, Blackstone Mortgage Trust currently has an average rating of "Hold" and an average target price of $20.25.
View Our Latest Research Report on BXMT
Blackstone Mortgage Trust Stock Down 2.0 %
Shares of BXMT stock traded down $0.37 on Wednesday, reaching $17.98. 294,704 shares of the stock were exchanged, compared to its average volume of 1,802,666. Blackstone Mortgage Trust has a 1-year low of $16.51 and a 1-year high of $21.24. The firm has a 50 day moving average of $19.70 and a two-hundred day moving average of $18.83. The stock has a market cap of $3.09 billion, a P/E ratio of -15.37 and a beta of 1.22.
Blackstone Mortgage Trust (NYSE:BXMT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. On average, equities research analysts predict that Blackstone Mortgage Trust will post 1.65 EPS for the current fiscal year.
Insider Activity at Blackstone Mortgage Trust
In related news, CEO Katharine A. Keenan sold 2,315 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $20.70, for a total value of $47,920.50. Following the completion of the transaction, the chief executive officer now directly owns 246,172 shares of the company's stock, valued at $5,095,760.40. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 5,652 shares of company stock worth $116,971. Corporate insiders own 0.93% of the company's stock.
Institutional Investors Weigh In On Blackstone Mortgage Trust
A number of institutional investors have recently made changes to their positions in BXMT. Smartleaf Asset Management LLC lifted its position in shares of Blackstone Mortgage Trust by 125.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,162 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 1,204 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Blackstone Mortgage Trust by 1,672.9% in the fourth quarter. Huntington National Bank now owns 3,014 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 2,844 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in Blackstone Mortgage Trust during the 4th quarter worth about $56,000. GAMMA Investing LLC raised its position in shares of Blackstone Mortgage Trust by 187.8% in the 1st quarter. GAMMA Investing LLC now owns 2,979 shares of the real estate investment trust's stock worth $60,000 after acquiring an additional 1,944 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in Blackstone Mortgage Trust in the third quarter valued at approximately $63,000. Hedge funds and other institutional investors own 64.15% of the company's stock.
About Blackstone Mortgage Trust
(
Get Free Report)
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.
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