Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Receives $20.08 Consensus PT from Brokerages

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.08.

Separately, Wells Fargo & Company boosted their target price on shares of Blackstone Mortgage Trust from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in Blackstone Mortgage Trust in the third quarter worth $39,000. McIlrath & Eck LLC purchased a new stake in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $63,000. Wellington Shields & Co. LLC boosted its stake in shares of Blackstone Mortgage Trust by 98.0% during the 2nd quarter. Wellington Shields & Co. LLC now owns 4,555 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 2,255 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Blackstone Mortgage Trust during the second quarter valued at about $87,000. Finally, Future Financial Wealth Managment LLC bought a new position in Blackstone Mortgage Trust in the third quarter worth about $95,000. Institutional investors own 64.15% of the company’s stock.

Blackstone Mortgage Trust Price Performance

Shares of Blackstone Mortgage Trust stock opened at $18.74 on Wednesday. The business has a 50-day simple moving average of $18.54 and a 200 day simple moving average of $18.25. Blackstone Mortgage Trust has a one year low of $16.53 and a one year high of $23.29. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of -13.48 and a beta of 1.50.

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.