Blackstone Mortgage Trust (NYSE:BXMT) Receives “Market Perform” Rating from JMP Securities

Blackstone Mortgage Trust (NYSE:BXMT)‘s stock had its “market perform” rating restated by analysts at JMP Securities in a report issued on Thursday,Benzinga reports.

Several other research firms have also recently weighed in on BXMT. Keefe, Bruyette & Woods reduced their price target on shares of Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. cut their price objective on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, UBS Group lowered their target price on Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust presently has a consensus rating of “Hold” and a consensus price target of $20.25.

Blackstone Mortgage Trust Trading Up 0.9 %

Shares of Blackstone Mortgage Trust stock opened at $19.14 on Thursday. Blackstone Mortgage Trust has a 12 month low of $16.51 and a 12 month high of $21.24. The company has a market capitalization of $3.28 billion, a PE ratio of -16.36 and a beta of 1.22. The stock’s fifty day simple moving average is $19.42 and its 200 day simple moving average is $18.88.

Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a positive return on equity of 8.62% and a negative net margin of 11.54%. Analysts predict that Blackstone Mortgage Trust will post 1.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Blackstone Mortgage Trust news, CEO Katharine A. Keenan sold 2,315 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $20.70, for a total transaction of $47,920.50. Following the transaction, the chief executive officer now owns 246,172 shares of the company’s stock, valued at $5,095,760.40. The trade was a 0.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 5,652 shares of company stock valued at $116,971 in the last three months. 0.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Several large investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new stake in Blackstone Mortgage Trust during the third quarter worth $350,000. Tidal Investments LLC acquired a new position in shares of Blackstone Mortgage Trust during the 3rd quarter worth about $883,000. Diversify Advisory Services LLC acquired a new position in shares of Blackstone Mortgage Trust during the 4th quarter worth about $172,000. MBM Wealth Consultants LLC raised its holdings in shares of Blackstone Mortgage Trust by 9.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 1,208 shares during the period. Finally, True North Advisors LLC lifted its stake in Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 558 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.