JMP Securities Reaffirms Market Perform Rating for Blackstone Mortgage Trust (NYSE:BXMT)

Blackstone Mortgage Trust (NYSE:BXMT)‘s stock had its “market perform” rating reaffirmed by equities research analysts at JMP Securities in a note issued to investors on Thursday,Benzinga reports.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods dropped their price target on Blackstone Mortgage Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Monday, April 7th. UBS Group lowered their target price on Blackstone Mortgage Trust from $19.50 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Blackstone Mortgage Trust from $20.00 to $18.50 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.25.

Blackstone Mortgage Trust Stock Performance

Shares of NYSE:BXMT opened at $19.14 on Thursday. The company’s fifty day moving average is $19.42 and its 200-day moving average is $18.88. Blackstone Mortgage Trust has a 52 week low of $16.51 and a 52 week high of $21.24. The company has a market capitalization of $3.28 billion, a PE ratio of -16.36 and a beta of 1.22.

Blackstone Mortgage Trust (NYSE:BXMT) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.26. Blackstone Mortgage Trust had a negative net margin of 11.54% and a positive return on equity of 8.62%. On average, analysts forecast that Blackstone Mortgage Trust will post 1.65 EPS for the current year.

Insider Buying and Selling at Blackstone Mortgage Trust

In related news, CEO Katharine A. Keenan sold 2,315 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $20.70, for a total transaction of $47,920.50. Following the completion of the sale, the chief executive officer now directly owns 246,172 shares of the company’s stock, valued at $5,095,760.40. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have sold 5,652 shares of company stock worth $116,971. Company insiders own 0.93% of the company’s stock.

Institutional Trading of Blackstone Mortgage Trust

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth $350,000. Tidal Investments LLC acquired a new position in Blackstone Mortgage Trust in the third quarter valued at about $883,000. Diversify Advisory Services LLC bought a new position in Blackstone Mortgage Trust during the fourth quarter worth about $172,000. MBM Wealth Consultants LLC grew its position in shares of Blackstone Mortgage Trust by 9.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 1,208 shares during the period. Finally, True North Advisors LLC increased its stake in shares of Blackstone Mortgage Trust by 2.4% in the 4th quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 558 shares during the last quarter. Institutional investors and hedge funds own 64.15% of the company’s stock.

About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.