Blackstone Mortgage Trust Inc. (NYSE: BXMT) is -14.79% lower on its value in year-to-date trading and has touched a low of $17.30 and a high of $32.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BXMT stock was last observed hovering at around $18.00 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $25.00 for the next 12 months. It is also 30.62% off the consensus price target high of $26.00 offered by 9 analysts, but current levels are 21.57% higher than the price target low of $23.00 for the same period.
Currently trading at $18.04, the stock is -13.36% and -18.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.97 million and changing 0.22% at the moment leaves the stock -29.60% off its SMA200. BXMT registered -42.18% loss for a year compared to 6-month loss of -37.75%.
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The stock witnessed a -20.04% gain in the last 1 month and extending the period to 3 months gives it a -25.08%, and is -8.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.53% over the week and 3.18% over the month.
Current P/E ratio is 13.34 and Fwd P/E is 6.46. Profit margin for the company is 18.60%. Distance from 52-week low is 4.28% and -45.18% from its 52-week high. The company has generated returns on investments over the last 12 months (1.00%).
Blackstone Mortgage Trust Inc. (BXMT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Blackstone Mortgage Trust Inc. (BXMT) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Blackstone Mortgage Trust Inc. is expected to release its quarterly report on 04/25/2023.The EPS is expected to shrink by -47.30% this year
Blackstone Mortgage Trust Inc. (BXMT) Top Institutional Holders
The shares outstanding are 171.62M, and float is at 168.98M with Short Float at 6.58%.
Blackstone Mortgage Trust Inc. (BXMT) Insider Activity
A total of 24 insider transactions have happened at Blackstone Mortgage Trust Inc. (BXMT) in the last six months, with sales accounting for 7 and purchases happening 17 times. The most recent transaction is an insider purchase by NASSAU HENRY N, the company’s Director. SEC filings show that NASSAU HENRY N bought 10,000 shares of the company’s common stock on Mar 15 at a price of $17.81 per share for a total of $0.18 million. Following the purchase, the insider now owns 0.13 million shares.
Blackstone Mortgage Trust Inc. disclosed in a document filed with the SEC on Mar 13 that Nash Michael B. (Director) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Mar 13 and was made at $18.86 per share for $0.94 million. Following the transaction, the insider now directly holds 0.47 million shares of the BXMT stock.
Still, SEC filings show that on Dec 30, Keenan Katharine A (CEO & President) disposed off 1,011 shares at an average price of $21.14 for $21373.0. The insider now directly holds 167,409 shares of Blackstone Mortgage Trust Inc. (BXMT).
Blackstone Mortgage Trust Inc. (BXMT): Who are the competitors?
The company’s main competitors (and peers) include Starwood Property Trust Inc. (STWD) that is trading -25.41% down over the past 12 months. Arbor Realty Trust Inc. (ABR) is -33.37% down on the 1-year trading charts.