Blackstone Mortgage Trust Inc (NYSE: BXMT) is -3.71% 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 $20.21 in the last trading session, with the day’s gains setting it 0.27%.
Currently trading at $20.48, the stock is 2.32% and 2.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.06 million and changing 1.34% at the moment leaves the stock -3.47% off its SMA200. BXMT registered 18.52% gain for a year compared to 6-month loss of -8.57%.
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The stock witnessed a 4.17% gain in the last 1 month and extending the period to 3 months gives it a -10.25%, and is 1.24% up 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 2.54% over the week and 2.37% over the month.
Current P/E ratio is 14.53 and Fwd P/E is 8.50. Profit margin for the company is 12.25%. Distance from 52-week low is 23.34% and -14.02% from its 52-week high. The company has generated returns on investments over the last 12 months (1.21%).
Blackstone Mortgage Trust Inc quarterly earnings per share for the current quarter are estimated at $0.46 with sales reaching $149.86M over the same period.The EPS is expected to shrink by -32.77% this year, but quarterly earnings will post -12.40% year-over-year. Quarterly sales are estimated to shrink -11.30% in year-over-year returns.
Blackstone Mortgage Trust Inc (BXMT) Top Institutional Holders
432 institutions hold shares in Blackstone Mortgage Trust Inc (BXMT), with institutional investors hold 68.33% of the company’s shares. The shares outstanding are 173.21M, and float is at 163.50M with Short Float at 15.78%. Institutions hold 67.46% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 29.13 million shares valued at $596.67 million. The investor’s holdings represent 16.78% of the BXMT Shares outstanding. As of Dec 30, 2023, the second largest holder is Vanguard Group Inc with 18.32 million shares valued at $375.28 million to account for 10.55% of the shares outstanding. The other top investors are Blackstone Inc which holds 7.95 million shares representing 4.58% and valued at over $162.79 million, while State Street Corporation holds 3.83% of the shares totaling 6.65 million with a market value of $136.25 million.
Blackstone Mortgage Trust Inc (BXMT) Insider Activity
The most recent transaction is an insider sale by Keenan Katharine A,the company’sCEO & President. SEC filings show that Keenan Katharine A sold 2,275 shares of the company’s common stock on Mar 11 ’24 at a price of $20.25 per share for a total of $46066.0. Following the sale, the insider now owns 0.19 million shares.
Blackstone Mortgage Trust Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Marone Anthony F. JR (Chief Financial Officer) sold a total of 485 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $20.25 per share for $9822.0. Following the transaction, the insider now directly holds 60112.0 shares of the BXMT stock.
Still, SEC filings show that on Mar 01 ’24, Keenan Katharine A (CEO & President) disposed off 2,274 shares at an average price of $20.42 for $46437.0. The insider now directly holds 194,298 shares of Blackstone Mortgage Trust Inc (BXMT).
