Blackstone Mortgage Trust Stock Forecast, Price & News NYSE:BXMT

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Blackstone Mortgage Trust, Inc. is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.

Real Estate

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This represents a $2.48 dividend on an annualized basis and a yield of 10.91%. Investors should also consider the company’s financial performance, industry trends, and broader market conditions. As always, a balanced and well-researched approach is key to successful investing. However, it’s important https://1investing.in/ to note that insider transactions can be influenced by a variety of factors, including personal financial needs and tax planning strategies. Therefore, while the insider’s recent sell-off is worth noting, it should not be the sole factor considered when making investment decisions.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

On average, they predict the company’s stock price to reach $22.40 in the next year. View analysts price targets for BXMT or view top-rated stocks among Wall Street analysts. The company’s price-earnings ratio stands at 14.56, lower than the industry median of 17.39 but higher than the company’s historical median price-earnings ratio. This suggests that the stock may be undervalued compared to its peers, but overvalued based on its own historical performance. The insider’s recent sell-off has raised some eyebrows among market watchers, given the company’s current valuation. As of Keenan’s recent transaction, shares of Blackstone Mortgage Trust Inc were trading at $23.21, giving the company a market cap of $3.914 billion.

Analyst Ratings Blackstone Mortgage Trust Inc. Cl A

A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. One share of BXMT stock can currently be purchased for approximately $22.74. Blackstone Mortgage Trust’s stock is owned by a number of institutional and retail investors. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

The consensus among Wall Street equities research analysts is that investors should „hold” BXMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BXMT, but not buy additional shares or sell existing shares. Katharine Keenan is a key figure at Blackstone Mortgage Trust Inc, a real estate finance company that primarily originates and purchases senior mortgage loans collateralized by properties in the U.S. and Europe. The company is designed to provide real estate investors with a straightforward way to access institutional-quality commercial real estate loans. Keenan’s role as CEO & President places her in a position of significant influence over the company’s strategic direction and operational execution. 4 brokers have issued 1-year price targets for Blackstone Mortgage Trust’s stock.

Blackstone Mortgage Trust, Inc., a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company, together with its subsidiaries, originates and acquires commercial mortgage loans and related investments. It operates as a real estate investment trust for federal income tax purposes. The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013.

Blackstone Mortgage Trust upgraded to overweight from neutral at J.P. Morgan

However, a closer look at the company’s GF Value paints a different picture. With a price of $23.21 and a GuruFocus Value of $34.03, Blackstone Mortgage Trust Inc has a price-to-GF-Value ratio of 0.68. This indicates that the stock is significantly undervalued based on its GF Value. The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023. The technique has proven to be very useful for finding positive surprises.

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BXMT’s historical performance
against its industry peers and the overall market. BXMT’s beta can be found in Trading Information at the top of this page.

In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

Today’s Trading

Blackstone Mortgage Trust Co. stock fell nearly 5% Wednesday as it swung to a fourth-quarter loss while hiking reserves for potential credit losses, but its distributable earnings beat estimates. Jade Rahmani, KBW commercial real estate analyst, joins ‘The Exchange’ to discuss the fall in commercial real estate and his outlook for the sector. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Blackstone Mortgage Trust saw a decline in short interest in the month of August. As of August 15th, there was short interest totaling 20,830,000 shares, a decline of 9.4% from the July 31st total of 22,980,000 shares. Based on an average daily volume of 2,240,000 shares, the short-interest ratio is currently 9.3 days.

An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Blackstone Mortgage Trust, Inc. was incorporated in 1998 and is headquartered in New York, New York. When assessing mortgage real estate investment trusts (REITs), one factor to consider is the stock price should never trade at a premium to the book value more than its dividend yield. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

A significant percentage of the collateralized real estate properties are located in New York, California, and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from the market data provided by its parent company. Nearly all of Blackstone Mortgage Trust’s revenue is generated in the form of interest income. 4 Wall Street equities research analysts have issued „buy,” „hold,” and „sell” ratings for Blackstone Mortgage Trust in the last twelve months.

Blackstone Mortgage Trust swings to a loss as it builds up reserves

According to 4 analysts, the average rating for BXMT stock is „Buy.” The 12-month stock price forecast is $21.63, which is a decrease of -5.94% from the latest price. High-growth arch model stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

• Style is an investment factor that has a meaningful impact on investment risk and returns.
• There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.
• The company was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in May 2013.
• The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.
• A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Blackstone Mortgage Trust Inc is a real estate finance company primarily involved in the origination and purchase of senior loans collateralized by commercial properties in North America, Europe, and Australia. The vast majority of the company’s asset portfolio is comprised of floating rate loans secured by priority mortgages. These mortgages are mainly derived from office, hotel, and manufactured housing properties.

The insider’s decision to sell shares at this point could be seen as a bearish signal, especially considering the overall trend of insider transactions at Blackstone Mortgage Trust Inc. Over the past year, there have been 3 insider buys and 20 insider sells, suggesting a net selling trend among the company’s insiders. Blackstone Mortgage Trust announced a quarterly dividend on Thursday, June 15th. Investors of record on Friday, June 30th will be paid a dividend of $0.62 per share on Friday, July 14th.