Analysts Set Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Price Target at $20.08

On December 7th, 2024, analysts have established a consensus rating of "Hold" for Blackstone Mortgage Trust, Inc. (NYSE:BXMT). This rating comes from eight different research firms that cover the stock. Among these firms, six analysts recommend holding the stock, while two analysts suggest buying it. The average price target they have set for Blackstone Mortgage Trust over the next twelve months is $20.08.

In a related note, Wells Fargo & Company increased their price target for Blackstone Mortgage Trust from $19.00 to $22.00. They also upgraded their rating for the company to “overweight” on September 20th.

Institutional Inflows and Outflows

Large investors have been actively adjusting their investments in Blackstone Mortgage Trust, resulting in significant changes in holdings. For instance, Artemis Investment Management LLP acquired a new stake in the company in the third quarter, amounting to approximately $24,103,000. Similarly, Point72 Asset Management L.P. entered the equity during the second quarter with a new investment valued at around $10,656,000. Other notable investments include GFS Advisors LLC, which dramatically increased its holdings by 9,068.6% during the third quarter, securing 458,430 shares worth approximately $8,715,000 after purchasing an additional 453,430 shares. Choreo LLC and Westwood Holdings Group Inc. also made new investments in the second quarter, valued at $6,983,000 and $4,790,000, respectively. Overall, institutional investors currently own 64.15% of Blackstone Mortgage Trust's stock.

Blackstone Mortgage Trust Stock Performance

As of Wednesday, the stock opened at $18.74. Over the past year, it has reached a low of $16.53 and a high of $23.29. The company's fifty-day moving average stands at $18.54, while its 200-day moving average is at $18.25. With a market capitalization of $3.24 billion, Blackstone Mortgage Trust has a price-to-earnings (P/E) ratio of -13.48 and a beta of 1.50, indicating slightly higher volatility compared to the market.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc. is a real estate finance company that primarily originates senior loans secured by commercial properties across North America, Europe, and Australia. It focuses on acquiring senior floating-rate mortgage loans that are backed by first-priority mortgages on commercial real estate assets.

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