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Equities research analysts at FBR Capital Markets upped their price target on shares of Blackstone Mortgage Trust (NASDAQ:BXMT) from $30.00 to $31.00 in a research note issued to investors on Wednesday, Analyst Ratings Net reports. FBR Capital Markets’ target price indicates a potential upside of 8.24% from the stock’s previous close.

Shares of Blackstone Mortgage Trust (NASDAQ:BXMT) traded up 0.03% on Wednesday, hitting $28.65. The stock had a trading volume of 410,651 shares. Blackstone Mortgage Trust has a 1-year low of $20.60 and a 1-year high of $29.66. The stock has a 50-day moving average of $27.82 and a 200-day moving average of $26.12. The company has a market cap of $838.6 million and a price-to-earnings ratio of 2.99.

Blackstone Mortgage Trust (NASDAQ:BXMT) last released its earnings data on Tuesday, February 18th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.13. On average, analysts predict that Blackstone Mortgage Trust will post $1.98 earnings per share for the current fiscal year.

Separately, analysts at Evercore Partners initiated coverage on shares of Blackstone Mortgage Trust in a research note on Friday, February 7th. They set an “overweight” rating and a $31.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.38.

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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