The stock of Blackstone Mortgage Trust Inc. (BXMT) has seen a -8.16% decrease in the past week, with a -24.51% drop in the past month, and a -26.99% decrease in the past quarter. The volatility ratio for the week is 5.53%, and the volatility levels for the past 30 days are at 3.18% for BXMT. The simple moving average for the last 20 days is -15.73% for BXMT stock, with a simple moving average of -32.16% for the last 200 days.
Is It Worth Investing in Blackstone Mortgage Trust Inc. (NYSE: BXMT) Right Now?
The price-to-earnings ratio for Blackstone Mortgage Trust Inc. (NYSE: BXMT) is 13.34x, which is above its average ratio. Moreover, the 36-month beta value for BXMT is 1.41. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Blackstone Mortgage Trust Inc. (BXMT) is $24.86, which is $7.83 above the current market price. The public float for BXMT is 168.98M and currently, short sellers hold a 6.58% of that float. On March 17, 2023, BXMT’s average trading volume was 2.22M shares.
BXMT) stock’s latest price update
Blackstone Mortgage Trust Inc. (NYSE: BXMT)’s stock price has decreased by -3.88 compared to its previous closing price of 18.04. Nevertheless, the company has seen a -8.16% plunge in its stock price over the last five trading sessions.
Analysts’ Opinion of BXMT
The stock of Blackstone Mortgage Trust Inc. (BXMT) has seen a -8.16% decrease in the past week, with a -24.51% drop in the past month, and a -26.99% decrease in the past quarter. The volatility ratio for the week is 5.53%, and the volatility levels for the past 30 days are at 3.18% for BXMT. The simple moving average for the last 20 days is -15.73% for BXMT stock, with a simple moving average of -32.16% for the last 200 days.
Analysts’ Opinion of BXMT
Many brokerage firms have already submitted their reports for BXMT stocks, with Keefe Bruyette repeating the rating for BXMT by listing it as a “Mkt Perform.” The predicted price for BXMT in the upcoming period, according to Keefe Bruyette is $26 based on the research report published on December 15th of the previous year 2022.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see BXMT reach a price target of $34. The rating they have provided for BXMT stocks is “Outperform” according to the report published on November 29th, 2021.
JP Morgan gave a rating of “Neutral” to BXMT, setting the target price at $31 in the report published on April 26th of the previous year.
BXMT Trading at -21.61% from the 50-Day Moving Average
After a stumble in the market that brought BXMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.30% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 5.53%, as shares sank -23.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.51% lower at present.
During the last 5 trading sessions, BXMT fell by -8.05%, which changed the moving average for the period of 200-days by -44.20% in comparison to the 20-day moving average, which settled at $20.31. In addition, Blackstone Mortgage Trust Inc. saw -18.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BXMT starting from NASSAU HENRY N, who purchase 10,000 shares at the price of $17.81 back on Mar 15. After this action, NASSAU HENRY N now owns 127,348 shares of Blackstone Mortgage Trust Inc., valued at $178,067 using the latest closing price.
Nash Michael B., the Director of Blackstone Mortgage Trust Inc., purchase 50,000 shares at $18.86 during a trade that took place back on Mar 13, which means that Nash Michael B. is holding 468,455 shares at $942,970 based on the most recent closing price.
Stock Fundamentals for BXMT
Current profitability levels for the company are sitting at:
- +73.16 for the present operating margin
- +91.64 for the gross margin
The net margin for Blackstone Mortgage Trust Inc. stands at +18.85. Equity return is now at value 5.40, with 1.00 for asset returns.
Conclusion
To wrap up, the performance of Blackstone Mortgage Trust Inc. (BXMT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
