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Blackstone Mortgage Trust (NASDAQ:BXMT)’s share price reached a new 52-week high during trading on Thursday , ARN reports. The company traded as high as $30.04 and last traded at $29.70, with a volume of 1,828,118 shares. The stock had previously closed at $29.77.

A number of analysts have recently weighed in on BXMT shares. Analysts at Zacks downgraded shares of Blackstone Mortgage Trust from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $28.10 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Blackstone Mortgage Trust in a research note on Wednesday, April 30th. They now have a $31.50 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.90.

The stock’s 50-day moving average is $28.90 and its 200-day moving average is $28.04. The company has a market cap of $1.438 billion and a P/E ratio of 26.16.

Blackstone Mortgage Trust (NASDAQ:BXMT) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.42 by $0.08. On average, analysts predict that Blackstone Mortgage Trust will post $1.94 earnings per share for the current fiscal year.

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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