The stock of Blackstone Mortgage Trust Inc. (NYSE:BXMT) decreased by -$0.46 on Tuesday to finish at $21.07, down -2.14 percent. The last five days have seen an average of 1,905,620 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$0.10. The average number of shares traded over the last 20 days was 2,023,575, while the average volume over the last 50 days totaled 2,348,258.
BXMT stock dropped -5.47% since last month. On 08/15/23, the company’s shares reached a one-month low of $20.92. The stock touched a high of $30.61 on 02/02/23, after rallying from a low of $16.60 in 52 weeks. The price of BXMT stock has declined by -0.47% or -$0.10 this year, reaching a new high 11 times. Still, the stock price is down -31.17% from the 52-week high.
Insider Transactions
BXMT stock investors should be aware that Blackstone Mortgage Trust Inc. (BXMT) stock had its last reported insider trading activity 68 days ago on Jun 09. On Jun 09, CEO & President Keenan Katharine A sold 2,275 shares at $19.79 each. This transaction resulted in the insider making $45,011. On Jun 09, Marone Anthony F. JR sold 485 shares at a price of US$19.76. After the transaction, the insider now owns 51,887 shares. CEO & President Keenan Katharine A had earlier sold 1,160 shares on Jun 06 for $19.01 a share. The transaction was completed for $22,053.
Valuation Metrics
Blackstone Mortgage Trust Inc. (BXMT) has a trailing price-to-earnings (P/E) ratio of 14.11. Beta for the stock is 1.41. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.00, the price-to-book (PB) ratio of 0.80, and the price-to-cash flow ratio of 8.13.
Company paid $0.62 per share in dividends, remained unchanged from $0.62 last year. A $0.10 dividend increase was reported on Monday September 14 2015.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 4.41, and the total debt to equity ratio is 4.41. As far as profitability goes, gross margin for the trailing twelve months is 31.40% percent. Blackstone Mortgage Trust Inc.’s operating margin stood at 15.40% for the same period. Based on annual data, it had gross profit of $1.18 billion and revenue of $1.34 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BXMT’s return on assets (ROA) during the last 12 months has been 1.10%. There was a 1.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.00%.
Earnings Surprise
According to Blackstone Mortgage Trust Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Blackstone Mortgage Trust Inc.’s quarterly earnings would be $0.79, but it ended up being $0.66, beating the consensus by 19.70%. EBITDA was $468.91 million for the quarter. At the end of Blackstone Mortgage Trust Inc.’s most recent quarter ended June 29, its total debt was $20.02 billion. Equity owned by shareholders amounts to $172.31 million.
Technical Picture
Here’s a quick look at Blackstone Mortgage Trust Inc.’s (BXMT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 29.87%, suggesting the stock is oversold, with a 19.36% historical volatility rate.
The stochastic %K and %D were 6.18% and 6.97% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 5.17%, the RSI (14) reading is 39.56%. On the 9-day MACD Oscillator, the stock is at -0.63, and the 14-day reading is at -0.85.
Analyst Ratings
In a note to investors, BTIG Research maintained its a Buy rating on Blackstone Mortgage Trust Inc. (NYSE: BXMT). However, the firm raised their price target to $24, indicating a possible decrease of -10.89% in the stock price. Analysts have assigned Blackstone Mortgage Trust Inc. (BXMT) an Overweight rating. BXMT is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is BXMT’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $25.00, with a median target price of $23.00. In analyzing these forecasts, the average price target given by analysts for Blackstone Mortgage Trust Inc. (BXMT) is $23.07.
