Evercore Partners Initiates Coverage on Blackstone Mortgage Trust (BXMT)
Evercore Partners assumed coverage on shares of Blackstone Mortgage Trust (NASDAQ:BXMT) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
A number of other analysts have also recently weighed in on BXMT. Analysts at FBR Capital Markets raised their price target on shares of Blackstone Mortgage Trust from $28.00 to $30.00 in a research note to investors on Friday, December 27th. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Blackstone Mortgage Trust in a research note to investors on Tuesday, November 12th. They now have a $29.00 price target on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $27.92.
Blackstone Mortgage Trust (NASDAQ:BXMT) opened at 27.79 on Friday. Blackstone Mortgage Trust has a 1-year low of $20.60 and a 1-year high of $29.50. The stock has a 50-day moving average of $27.52 and a 200-day moving average of $25.95. The company has a market cap of $813.5 million and a P/E ratio of 2.88.
Blackstone Mortgage Trust, Inc, formerly Capital Trust, Inc is a self-managed, real estate finance and investment management company that specializes in credit sensitive financial products.
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