Blackstone Mortgage Trust Inc (BXMT) Analysis & Forecast for 2024

Blackstone Mortgage Trust Inc (NYSE: BXMT) is -11.80% lower on its value in year-to-date trading and has touched a low of $16.60 and a high of $23.82 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 $18.55 in the last trading session, with the day’s gains setting it 0.21%.

Currently trading at $18.76, the stock is -7.16% and -11.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing 1.13% at the moment leaves the stock -10.33% off its SMA200. BXMT registered -18.68% loss for a year compared to 6-month loss of -14.88%.

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The stock witnessed a -14.84% gain in the last 1 month and extending the period to 3 months gives it a -13.03%, and is -2.55% 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 2.83% over the week and 2.80% over the month.

Blackstone Mortgage Trust Inc (BXMT) has around Dec 28 2023 employees, a market worth around $3.23B and $1.97B in sales. Current P/E ratio is 16.36 and Fwd P/E is 8.01. Profit margin for the company is 10.24%. Distance from 52-week low is 12.98% and -21.24% from its 52-week high. The company has generated returns on investments over the last 12 months (0.94%).

Blackstone Mortgage Trust Inc quarterly earnings per share for the current quarter are estimated at $0.62 with sales reaching $156.59M over the same period.The EPS is expected to grow by 3.04% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to shrink -18.10% in year-over-year returns.

Blackstone Mortgage Trust Inc (BXMT) Top Institutional Holders

406 institutions hold shares in Blackstone Mortgage Trust Inc (BXMT), with institutional investors hold 67.93% of the company’s shares. The shares outstanding are 171.70M, and float is at 162.73M with Short Float at 15.79%. Institutions hold 67.15% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 16.17 million shares valued at $336.56 million. The investor’s holdings represent 9.39% of the BXMT Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.65 million shares valued at $284.11 million to account for 7.92% of the shares outstanding. The other top investors are Blackstone Inc which holds 7.26 million shares representing 4.21% and valued at over $151.12 million, while Geode Capital Management, LLC holds 2.22% of the shares totaling 3.83 million with a market value of $79.65 million.

Blackstone Mortgage Trust Inc (BXMT) Insider Activity

A total of 11 insider transactions have happened at Blackstone Mortgage Trust Inc (BXMT) in the last six months, with sales accounting for 6 and purchases happening 5 times. The most recent transaction is an insider sale by Keenan Katharine A ,the company’sCEO & President. SEC filings show that Keenan Katharine A sold 2,274 shares of the company’s common stock on Dec 11 at a price of $21.23 per share for a total of $48267.0. Following the sale, the insider now owns 0.14 million shares.

Blackstone Mortgage Trust Inc disclosed in a document filed with the SEC on Dec 11 that Marone Anthony F. JR (Chief Financial Officer) sold a total of 485 shares of the company’s common stock. The trade occurred on Dec 11 and was made at $21.23 per share for $10295.0. Following the transaction, the insider now directly holds 49103.0 shares of the BXMT stock.

Still, SEC filings show that on Dec 06, Keenan Katharine A (CEO & President) disposed off 1,159 shares at an average price of $22.54 for $26118.0. The insider now directly holds 146,846 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 -5.95% down over the past 12 months. Arbor Realty Trust Inc. (ABR) that is -17.80% lower over the same period.