UBS Group Issues Positive Forecast for Blackstone Mortgage Trust (NYSE:BXMT) Stock Price

Blackstone Mortgage Trust (NYSE:BXMT) had its target price increased by equities researchers at UBS Group from $18.50 to $19.50 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target suggests a potential downside of 2.79% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on BXMT. Keefe, Bruyette & Woods raised their price target on Blackstone Mortgage Trust from $18.50 to $19.50 and gave the company a “market perform” rating in a report on Thursday, February 13th. Wolfe Research upgraded Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their target price on Blackstone Mortgage Trust from $17.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.71.

Blackstone Mortgage Trust Stock Down 1.9 %

Shares of NYSE:BXMT traded down $0.38 on Tuesday, reaching $20.06. 340,055 shares of the company’s stock were exchanged, compared to its average volume of 1,755,395. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -17.15 and a beta of 1.50. The business’s 50-day moving average is $18.43 and its two-hundred day moving average is $18.52. Blackstone Mortgage Trust has a fifty-two week low of $16.53 and a fifty-two week high of $21.09.

Blackstone Mortgage Trust (NYSE:BXMT) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. Analysts predict that Blackstone Mortgage Trust will post 1.65 earnings per share for the current fiscal year.

Institutional Trading of Blackstone Mortgage Trust

Several large investors have recently added to or reduced their stakes in BXMT. Norges Bank purchased a new stake in Blackstone Mortgage Trust in the fourth quarter worth $35,662,000. Balyasny Asset Management L.P. boosted its stake in Blackstone Mortgage Trust by 39.4% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,832,587 shares of the real estate investment trust’s stock worth $49,315,000 after acquiring an additional 801,083 shares in the last quarter. Blackstone Inc. increased its position in Blackstone Mortgage Trust by 8.2% during the 4th quarter. Blackstone Inc. now owns 8,601,492 shares of the real estate investment trust’s stock valued at $149,752,000 after buying an additional 652,537 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Blackstone Mortgage Trust by 473.3% during the 4th quarter. Millennium Management LLC now owns 625,060 shares of the real estate investment trust’s stock valued at $10,882,000 after acquiring an additional 516,023 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in Blackstone Mortgage Trust in the fourth quarter valued at about $8,118,000. Institutional investors own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.