Shares of Blackstone Mortgage Trust Inc (NYSE:BXMT) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $33.33.
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Blackstone Mortgage Trust from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 6th. FBR & Co lifted their price target on shares of Blackstone Mortgage Trust from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered shares of Blackstone Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. B. Riley reiterated a “buy” rating and set a $33.00 price target on shares of Blackstone Mortgage Trust in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods lowered shares of Blackstone Mortgage Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 7th.
Shares of Blackstone Mortgage Trust (NYSE BXMT) opened at $30.09 on Tuesday. The stock has a market cap of $3,151.95, a price-to-earnings ratio of 13.37 and a beta of 0.59. Blackstone Mortgage Trust has a 1 year low of $29.51 and a 1 year high of $33.08.
A number of large investors have recently made changes to their positions in the stock. Stansberry Asset Management LLC acquired a new stake in Blackstone Mortgage Trust during the 4th quarter worth $3,184,000. JRM Investment Counsel LLC raised its stake in Blackstone Mortgage Trust by 25.2% during the 4th quarter. JRM Investment Counsel LLC now owns 348,607 shares of the real estate investment trust’s stock worth $11,218,000 after acquiring an additional 70,162 shares in the last quarter. Vatera Holdings LLC acquired a new position in Blackstone Mortgage Trust in the fourth quarter valued at $2,896,000. Quadrature Capital Ltd acquired a new position in Blackstone Mortgage Trust in the fourth quarter valued at $1,215,000. Finally, Monashee Investment Management LLC acquired a new position in Blackstone Mortgage Trust in the fourth quarter valued at $8,045,000. Hedge funds and other institutional investors own 54.21% of the company’s stock.
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About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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