Blackstone Mortgage Trust Inc (NYSE:BXMT) traded with a subtraction of -$0.25 to close at $21.53on Friday, a downside of -1.15 percent. An average of 1,940,400 shares of common stock have been traded in the last five days. There was a fall of -$0.92 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 4,558,265 shares traded, while the 50-day average volume stands at 2,902,930.
BXMT stock has decreased by -2.67% in the last month. The company shares reached their 1-month lowest point of $21.25 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $16.60 and a high of $25.82 in 52 weeks. It has reached a new high 11 times so far this year and achieved 1.70% or $0.31 in price. In spite of this, the price is down -16.62% 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 18 days ago on Sep 11. In this transaction, the insider spent $52,791. Chief Financial Officer, Marone Anthony F. JR, disposed of 485 shares at a price of $23.25 on Sep 11. The insider now owns more than $11,274 worth of shares. Prior to that, CEO & President Keenan Katharine A went on to Sale 1,160 shares at $22.75 each on Sep 06. An amount of $26,389 was transacted.
Valuation Metrics
Blackstone Mortgage Trust Inc (BXMT) has a trailing price-to-earnings (P/E) ratio of 13.76, which compares with the N/A for the broader industry. The stock’s beta is 1.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.06, the price-to-book (PB) ratio at 0.82, and the price-to-cash flow ratio at 8.22.
The company has a payout ratio of 170.19%. The company’s most recent quarterly dividend payment was $0.62 a share, without any change from last year. Its latest increase dividend $0.10 reported on Monday September 14 2015.
Financial Health
Further, the company has a long term debt to equity ratio of 4.30 and a total debt to equity ratio of 4.41 for the quarter ending June 29. Its gross profit as reported stood at $1.18 billion compared to revenue of $1.34 billion.
Earnings Surprise
For the three-month period that ended June 29, Blackstone Mortgage Trust Inc had $2.11 billion in total debt. The analyst consensus anticipated Blackstone Mortgage Trust Inc’s latest quarter earnings to come in at $0.66 per share, but it turned out to be $0.79, a 19.70% surprise. For the quarter, EBITDA amounted to $468.91 million. At the end of the quarter ending June 29, Blackstone Mortgage Trust Inc’s stock balance sheet showed total debt was $20.02 billion. Shareholders own equity worth $172.31 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Blackstone Mortgage Trust Inc (BXMT) price momentum. RSI 9-day as of the close on 28 September was 30.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.78%.
As of today, BXMT’s price is $21.90 -4.11% or -$0.92 from its 5-day moving average. BXMT is currently trading -2.46% lower than its 20-day SMA and +24.59% higher than its 100-day SMA. However, the stock’s current price level is -6.49% below the SMA50 and -10.50% below the SMA200.
The stochastic %K and %D were 15.36% and 13.53%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 9.47% and the average true range at 0.57, the RSI (14) stands at 38.43%. The stock has reached -0.54 on the 9-day MACD Oscillator while the 14-day reading was at -0.83.
Analyst Ratings
BTIG Research reiterated its a Buy rating on Blackstone Mortgage Trust Inc (NYSE: BXMT), but raised their price target to $19, indicating a potential price decrease of -13.32% for the stock. The consensus rating for Blackstone Mortgage Trust Inc (BXMT) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BXMT, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is BXMT’s price target for the next 12 months?
Analysts predict a range of price targets between $22.00 and $24.00, with a median target of $23.50. Taking a look at these predictions, the average price target given by analysts for Blackstone Mortgage Trust Inc (BXMT) stock is $23.25.
