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Shares of Blackstone Mortgage Trust (NASDAQ:BXMT) have earned an average recommendation of “Buy” from the eight analysts that are currently covering the company, Analyst RN reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.29.

Separately, 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.

Blackstone Mortgage Trust (NASDAQ:BXMT) opened at 28.07 on Tuesday. Blackstone Mortgage Trust has a 1-year low of $24.31 and a 1-year high of $30.04. The stock has a 50-day moving average of $28.77 and a 200-day moving average of $28.73. The company has a market cap of $1.361 billion and a price-to-earnings ratio of 16.49.

Blackstone Mortgage Trust (NASDAQ:BXMT) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.25. Analysts expect that Blackstone Mortgage Trust will post $1.91 EPS 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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