Blackstone Mortgage Trust (BXMT) Posts Quarterly Earnings, Misses Expectations By $0.08 EPS
Blackstone Mortgage Trust (NASDAQ:BXMT) announced its earnings results on Tuesday. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.08, American Banking News reports.
Blackstone Mortgage Trust (NASDAQ:BXMT) traded down 0.42% during mid-day trading on Tuesday, hitting $28.25. The stock had a trading volume of 344,080 shares. Blackstone Mortgage Trust has a 52-week low of $22.80 and a 52-week high of $29.68. The stock has a 50-day moving average of $28.64 and a 200-day moving average of $27.26. The company has a market cap of $1.110 billion and a P/E ratio of 35.02.
Several analysts have recently commented on the stock. Analysts at Bank of America reiterated a “neutral” rating on shares of Blackstone Mortgage Trust in a research note on Thursday, April 3rd. They now have a $30.00 price target on the stock, down previously from $32.00. Finally, analysts at UBS AG raised their price target on shares of Blackstone Mortgage Trust from $29.00 to $31.00 in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $28.88.
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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