Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $35.63.

Several equities analysts recently issued reports on BXMT shares. ValuEngine cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Deutsche Bank cut shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $35.00 to $34.50 in a research note on Wednesday, February 13th. JMP Securities reiterated a “hold” rating on shares of Blackstone Mortgage Trust in a research note on Sunday, February 17th. Finally, Zacks Investment Research cut shares of Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Monday, February 18th.

BXMT stock opened at $35.26 on Monday. Blackstone Mortgage Trust has a 12 month low of $30.84 and a 12 month high of $36.38. The firm has a market capitalization of $4.43 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 2.78 and a beta of 0.54.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.11. Blackstone Mortgage Trust had a net margin of 48.22% and a return on equity of 9.73%. The firm had revenue of $106.07 million during the quarter, compared to analysts’ expectations of $98.89 million. During the same period in the previous year, the business posted $0.64 EPS. As a group, sell-side analysts predict that Blackstone Mortgage Trust will post 2.54 earnings per share for the current fiscal year.

In other Blackstone Mortgage Trust news, Treasurer Douglas N. Armer sold 1,913 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $35.46, for a total transaction of $67,834.98. Following the completion of the transaction, the treasurer now directly owns 74,383 shares in the company, valued at $2,637,621.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Anthony F. Marone, Jr. sold 793 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $35.45, for a total transaction of $28,111.85. Following the transaction, the chief financial officer now owns 29,824 shares of the company’s stock, valued at $1,057,260.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,808 shares of company stock valued at $134,065. Company insiders own 0.96% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc boosted its stake in Blackstone Mortgage Trust by 11.5% during the third quarter. Vanguard Group Inc now owns 11,080,478 shares of the real estate investment trust’s stock worth $371,306,000 after buying an additional 1,142,710 shares during the period. Blackstone Group L.P. boosted its stake in Blackstone Mortgage Trust by 1.4% during the first quarter. Blackstone Group L.P. now owns 5,346,893 shares of the real estate investment trust’s stock worth $184,789,000 after buying an additional 75,350 shares during the period. Ellis Investment Partners LLC boosted its stake in Blackstone Mortgage Trust by 3,349.4% during the first quarter. Ellis Investment Partners LLC now owns 2,479,805 shares of the real estate investment trust’s stock worth $2,479,000 after buying an additional 2,407,915 shares during the period. Northern Trust Corp boosted its stake in Blackstone Mortgage Trust by 3.5% during the first quarter. Northern Trust Corp now owns 2,097,456 shares of the real estate investment trust’s stock worth $72,488,000 after buying an additional 70,067 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Blackstone Mortgage Trust by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 1,625,430 shares of the real estate investment trust’s stock worth $51,976,000 after buying an additional 103,508 shares during the period. 58.93% of the stock is owned by institutional investors.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.

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Analyst Recommendations for Blackstone Mortgage Trust (NYSE:BXMT)

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