At the last check on Thursday, Blackstone Mortgage Trust Inc.’s (NYSE:BXMT) stock was down -$0.52, moving down -2.23 percent to $22.58. The average number of shares traded per day over the past five days has been 8,755,599 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.44 fall in that time frame. In the last twenty days, the average volume was 4,239,330, while in the previous 50 days, it was 2,877,016.
Since last month, BXMT stock rose 9.69%. Shares of the company fell to $20.50 on 08/22/23, the lowest level in the past month. A 52-week high of $29.09 was reached on 02/02/23 after having rallying from a 52-week low of $16.60. Since the beginning of this year, BXMT’s stock price has risen by 6.68% or $1.39, and marked a new high 11 times. However, the stock has declined by -22.36% since its 52-week high.
BXMT stock investors should be aware that Blackstone Mortgage Trust Inc. (BXMT) stock had its last reported insider trading activity 10 days ago on Sep 11. Keenan Katharine A, the CEO & President of the company, disposed of 2,275 shares for $23.20 on Sep 11. It resulted in a $52,791 divestment by the insider. Marone Anthony F. JR sold 485 shares at an average price of $23.25 on Sep 11. The insider now owns 50,495 shares following the transaction. On Sep 06, CEO & President Keenan Katharine A sold 1,160 shares at $22.75 apiece. The transaction was valued at $26,389.
Valuation Metrics
Right now, Blackstone Mortgage Trust Inc. (BXMT) has a P/E ratio of about 15.13. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 2.08, the price-to-book (PB) ratio of 0.86, and the price-to-cash flow ratio of 8.46 may also be considered.
The latest dividend of $0.62 per share was paid out, remained unchanged from last year’s $0.62. On Monday September 14 2015, a $0.10 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 4.41, and the total debt-to-equity ratio was 4.41. On the profitability front, the trailing twelve-month gross margin is 31.40% percent. In the year ended June 29, operating margins totaled 15.40%. Based on annual data, BXMT earned $1.18 billion in gross profit and brought in $1.34 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.00%. Return on equity (ROE) for the past 12 months was 6.00%.
In Blackstone Mortgage Trust Inc.’s quarter-end financial report for June 29, it reported total debt of $2.11 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Blackstone Mortgage Trust Inc. to report $0.66 quarterly earnings, the actual figure was $0.79 per share, beating the consensus estimate by 19.70%. During the quarter, the company generated $468.91 million in EBITDA. The value of shareholders’ equity is $172.31 million.
Technical Picture
This quick technical analysis looks at Blackstone Mortgage Trust Inc.’s (BXMT) price momentum. With a historical volatility rate of 22.70%, the RSI 9-day stood at 45.71% on 20 September.
With respect to its five-day moving average, the current Blackstone Mortgage Trust Inc. price is down by -1.91% percent or -$0.44. At present, BXMT shares trade +6.67% above its 20-day simple moving average and +23.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.20% above its SMA50 and -7.65% below its SMA200.
Stochastic coefficient K was 60.97% and Stochastic coefficient D was 73.97%, while ATR was 0.56. Given the Stochastic reading of 32.52% for the 14-day period, the RSI (14) reading has been calculated as 50.40%. As of today, the MACD Oscillator reading stands at -0.09, while the 14-day reading stands at 0.01.
Analyst Ratings
BTIG Research reiterated its a Buy rating on Blackstone Mortgage Trust Inc. (NYSE: BXMT) in a note to investors. The analysts firm has however raised their price target to $24, representing a possible -18.84% increase in the stock price. Blackstone Mortgage Trust Inc. (BXMT) has been rated Overweight by analysts. According to 0 brokerage firms, BXMT is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Blackstone Mortgage Trust Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $23.50, the current consensus forecast for the stock is $22.00 – $24.00. Based on these forecasts, analysts predict Blackstone Mortgage Trust Inc. (BXMT) will achieve an average price target of $23.25.
