How Does Wall Street Rate Shares Of Blackstone Mortgage Trust Inc. (BXMT)?

Blackstone Mortgage Trust Inc. (NYSE:BXMT) saw an upside of 2.17% to close Tuesday at $32.03 after adding $0.68 on the day. The 5-day average trading volume is 787,300 shares of the company’s common stock. It has gained $32.17 in the past week. An average of 1,423,860 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,151,976.

BXMT’s 1-month performance is 2.59% or $1.17 on its low of $30.21 reached on 10/01/21. The company’s shares have touched a 52-week low of $20.70 and high of $33.88, with the stock’s rally to the 52-week high happening on 06/15/21. YTD, BXMT has achieved 16.35% or $4.50. However, the current price is down -5.46%% from the 52-week high price.

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Insider Transactions

On Sep 30, 13 days have gone by since the last insider trading activity for Blackstone Mortgage Trust Inc. (BXMT). Keenan Katharine A (CEO & President) most recently sold 1,906 shares at $30.61 per share on Sep 30. This transaction cost the insider $58,343. Chief Financial Officer, Marone Anthony F. JR, sold 402 shares at a price of $32.88 on Sep 07. Then, on Sep 07, President Keenan Katharine A sold 1,164 shares at a price of $32.86 per share. This transaction amounted to $38,248.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 35.00 and a low of 5.517. BXMT stock has a beta of 1.39. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.56 while the price-to-book (PB) in the most recent quarter is 1.20.

Blackstone Mortgage Trust Inc. pays an annual dividend of $2.48 per share. Its dividend yield is 7.74% and the payout ratio is 94.70%. BXMT paid $0.62 a share compared with prior rate of $0.62, down 0.0% from last year’s. The company latest dividend increase of $0.10 reported on Monday September 14 2015.

It is projected that Blackstone Mortgage Trust Inc.’s next ex-dividend date will be on 30-Dec. BXMT is expected to distribute $0.62 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 3.51, while the total debt to equity was 3.51. In terms of profitability, the gross margin trailing 12 months is 48.10%. while for the period ending June 29; Blackstone Mortgage Trust Inc.’s operating margin was 50.70%. The firm’s gross profit as reported stood at $655.86 million against revenue of $779.65 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BXMT to announce $0.59 per share in earnings in its latest quarter, but it posted $0.61, representing a 3.40% surprise. EBITDA for the quarter stood at more than $159.74 million. BXMT stock balance sheet for the quarter ending June 29 shows that, with total debt at $13.8 billion. Shareholders hold equity totaling $147.02 million

Technical Picture

Let’s look briefly at Blackstone Mortgage Trust Inc. (BXMT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 63.66% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.90%.

The stock’s 5-day moving average is $31.55, reflecting a +2.46% or $0.77 change from its current price. BXMT is currently trading +2.89% above its 20-day SMA, +1.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.14% and +12.74% respectively.

Stochastic %K and %D was 83.52% and 82.13% and the average true range (ATR) pointed at 0.56. The RSI (14) points at 57.60%, while the 14-day stochastic is at 92.86% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at 0.40 and 0.44 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Blackstone Mortgage Trust Inc. (NYSE: BXMT), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for BXMT stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate BXMT as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is BXMT’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $32.00 and a high of $36.00, with their median price target at $33.00. Looking at these predictions, the average price target given by analysts is for Blackstone Mortgage Trust Inc. (BXMT) stock is $33.50.


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