Blackstone Mortgage Trust Inc. (NYSE:BXMT) saw a downside of -0.68% to close Tuesday at $20.59 after subtracting -$0.14 on the day. The 5-day average trading volume is 1,831,720 shares of the company’s common stock. It has gained $21.28 in the past week and touched a new high 1 time within the past 5 days. An average of 1,976,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,247,918.
BXMT’s 1-month performance is -8.89% or -$2.04 on its low of $20.25 reached on 08/18/23. The company’s shares have touched a 52-week low of $16.60 and high of $30.33, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BXMT has lost -2.74% or -$0.58 and has reached a new high 11 times. However, the current price is down -32.11% from the 52-week high price.
Insider Transactions
BXMT stock investors last saw insider trading activity on Jun 09.Keenan Katharine A (CEO & President) most recently sold 2,275 shares at $19.79 per share on Jun 09. This transaction cost the insider $45,011. Chief Financial Officer, Marone Anthony F. JR, sold 485 shares at a price of $19.76 on Jun 09. Then, on Jun 06, CEO & President Keenan Katharine A sold 1,160 shares at a price of $19.01 per share. This transaction amounted to $22,053.
Valuation Metrics
BXMT stock has a beta of 1.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.94 while the price-to-book (PB) in the most recent quarter is 0.78, with the price to cash flow ratio at 7.87.
As well, the company’s long term debt to equity for the quarter ending June 29 was 4.41, while the total debt to equity was 4.41.. In terms of profitability, the gross margin trailing 12 months is 31.40%. The firm’s gross profit as reported stood at $1.18 billion against revenue of $1.34 billion.
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 $0.66 per share in earnings in its latest quarter, but it posted $0.79, representing a 19.70% surprise. EBITDA for the quarter stood at more than $468.91 million. Shareholders hold equity totaling $172.31 million.
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 22 August was 24.12% to suggest the stock is trending oversold, with historical volatility in this time period at 8.83%.
The stock’s 5-day moving average is $20.77, reflecting a -2.28% or -$0.48 change from its current price. BXMT is currently trading -8.16% above its 20-day SMA, +14.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.94% and SMA200 by-14.03%.
Stochastic %K and %D was 16.45% and 12.54% and the average true range (ATR) pointed at 0.49. The RSI (14) points at 34.98%, while the 14-day stochastic is at 12.42% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at -0.45 and -0.92 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Blackstone Mortgage Trust Inc. (NYSE: BXMT), BTIG Research reiterated its a Buy rating for the company but lifted their price target by $19 to $24. Analysts offering their rating for BXMT stock have a consensus rating for the stock as Overweight. 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 3 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 $21.00 and a high of $24.00, with their median price target at $23.00. Looking at these predictions, the average price target given by analysts is for Blackstone Mortgage Trust Inc. (BXMT) stock is $22.93.
