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Blackstone Mortgage Trust Inc (BXMT) Is Down -6.39% in 2024 With Lots of Room to Run

Blackstone Mortgage Trust Inc (NYSE: BXMT) is -6.39% 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 $19.78 in the last trading session, with the day’s gains setting it 0.13%.

Currently trading at $19.91, the stock is -0.86% and 0.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 0.66% at the moment leaves the stock -6.18% off its SMA200. BXMT registered 11.92% gain for a year compared to 6-month loss of -9.46%.

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The stock witnessed a 1.58% gain in the last 1 month and extending the period to 3 months gives it a -12.48%, and is -1.92% 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 1.93% over the week and 2.41% over the month.

Current P/E ratio is 14.12 and Fwd P/E is 8.36. Profit margin for the company is 12.25%. Distance from 52-week low is 19.90% and -16.41% 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 $148.47M over the same period.The EPS is expected to shrink by -33.22% this year, but quarterly earnings will post -14.00% year-over-year. Quarterly sales are estimated to shrink -12.20% in year-over-year returns.

Blackstone Mortgage Trust Inc (BXMT) Top Institutional Holders

434 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 15.41%. Institutions hold 67.46% 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

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).

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