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Shares of Blackstone Mortgage Trust (NASDAQ:BXMT) have received an average rating of “Buy” from the nine ratings firms that are presently covering the stock, AnalystRatings.NET reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.20.

Blackstone Mortgage Trust (NASDAQ:BXMT) opened at 28.89 on Tuesday. Blackstone Mortgage Trust has a 52 week low of $24.31 and a 52 week high of $30.04. The stock has a 50-day moving average of $28.82 and a 200-day moving average of $28.73. The company has a market cap of $1.401 billion and a price-to-earnings ratio of 16.87.

Blackstone Mortgage Trust (NASDAQ:BXMT) last announced its earnings results on Tuesday, July 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. On average, analysts predict that Blackstone Mortgage Trust will post $1.91 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Blackstone Mortgage Trust in a research note on Thursday, July 31st. They now have a $32.00 price target on the stock, up previously from $30.00. Separately, analysts at Zacks upgraded shares of Blackstone Mortgage Trust from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $29.60 price target on the stock. Finally, analysts at Zacks downgraded shares of Blackstone Mortgage Trust from a “neutral” rating to an “underperform” rating in a research note on Tuesday, June 3rd. They now have a $28.10 price target on the stock.

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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