Blackstone Mortgage Trust (NYSE:BXMT) Price Target Cut to $12.00 by Analysts at Keefe, Bruyette & Woods

Blackstone Mortgage Trust (NYSE:BXMT) had its price target decreased by analysts at Keefe, Bruyette & Woods from $13.00 to $12.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods‘s price target points to a potential upside of 10.66% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Raymond James Financial cut Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 6th. Zacks Research raised Blackstone Mortgage Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings restated a “sell (d)” rating on shares of Blackstone Mortgage Trust in a research note on Thursday. Wall Street Zen downgraded Blackstone Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Blackstone Mortgage Trust from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.40.

Blackstone Mortgage Trust Price Performance

Shares of BXMT traded down $0.03 during midday trading on Friday, reaching $10.84. The stock had a trading volume of 440,932 shares, compared to its average volume of 1,922,403. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 120.53, a PEG ratio of 0.24 and a beta of 0.92. The company’s fifty day simple moving average is $12.31 and its two-hundred day simple moving average is $16.75. Blackstone Mortgage Trust has a 1-year low of $10.11 and a 1-year high of $20.67.

Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Thursday, October 29th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of $0.24 by $0.14. The firm had revenue of $141.90 million for the quarter, compared to analyst estimates of $148.60 million. Blackstone Mortgage Trust had a return on equity of 7.72% and a net margin of 1.57%. On average, sell-side analysts forecast that Blackstone Mortgage Trust will post 0.91 earnings per share for the current year.

Insider Buying and Selling at Blackstone Mortgage Trust

In other news, Director Henry Nassau acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average cost of $14.34 per share, with a total value of $143,400.00. Following the completion of the acquisition, the director owned 218,523 shares of the company’s stock, valued at $3,133,619.82. The trade was a 4.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 3,716 shares of company stock valued at $46,815 over the last three months. 1.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division raised its holdings in shares of Blackstone Mortgage Trust by 50.0% in the third quarter. Central Pacific Bank Trust Division now owns 3,000 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 1,000 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 6.0% during the first quarter. Whipplewood Advisors LLC now owns 20,551 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 1,158 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Blackstone Mortgage Trust by 3.5% during the second quarter. Sequoia Financial Advisors LLC now owns 46,722 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 1,579 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Blackstone Mortgage Trust by 5.6% during the second quarter. Tidal Investments LLC now owns 29,607 shares of the real estate investment trust’s stock worth $502,000 after buying an additional 1,583 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its position in Blackstone Mortgage Trust by 14.1% in the 1st quarter. Arkadios Wealth Advisors now owns 14,874 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 1,833 shares during the period. 64.15% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Blackstone Mortgage Trust

Here are the key news stories impacting Blackstone Mortgage Trust this week:

• Positive Sentiment: BXMT reported quarterly earnings of approximately $0.38–$0.42 per share, ahead of consensus estimates near $0.24–$0.26 and above the $0.24 reported a year earlier. The earnings beat is the primary factor supporting investor interest. Blackstone Mortgage Trust Beats Q3 Earnings Estimates
• Positive Sentiment: Management’s reported reduction of older office-loan exposure may reassure investors that BXMT is actively addressing troubled commercial real estate assets and reducing future credit risk. Blackstone Mortgage Trust Reports Loss as It Cuts Older Office Loans
• Neutral Sentiment: Third-quarter revenue was $141.9 million, below the $148.6 million analyst consensus. Profitability metrics included a 7.72% return on equity and a 1.57% net margin, providing a mixed operating picture. Blackstone Mortgage Trust Third-Quarter Results
• Negative Sentiment: BXMT recorded an unexpected third-quarter net loss of $327.6 million, highlighting continuing stress in its commercial real estate loan portfolio and offsetting some of the adjusted earnings strength. Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss
• Negative Sentiment: The quarterly dividend was cut to $0.30 per share from $0.47, a reduction of roughly 36%, despite an annualized yield of about 11%. The lower payout may pressure income-oriented investors and signals management’s caution about cash generation and credit losses. Blackstone Mortgage Trust Dividend Announcement

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc is a real estate investment trust that originates and manages senior loans secured by commercial properties. The company primarily provides floating-rate mortgage financing to owners and sponsors of institutional-quality real estate, earning income from interest and other fees associated with its lending activities.

Its loan portfolio has historically included properties across sectors such as office, multifamily, hotel, industrial, retail and life sciences.