Blackstone Mortgage Trust Inc (BXMT) Shares Decline Despite Market Challenges

Blackstone Mortgage Trust Inc (NYSE: BXMT)’s stock price has decreased by -1.78 compared to its previous closing price of 19.67. However, the company has seen a -5.66% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-21 that We’re starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.

Is It Worth Investing in Blackstone Mortgage Trust Inc (NYSE: BXMT) Right Now?

Blackstone Mortgage Trust Inc (NYSE: BXMT) has a price-to-earnings ratio of 13.71x that is above its average ratio. Additionally, the 36-month beta value for BXMT is 1.45. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”

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The public float for BXMT is 163.50M and currently, short sellers hold a 15.41% ratio of that float. The average trading volume of BXMT on April 03, 2024 was 2.17M shares.

BXMT’s Market Performance

BXMT’s stock has seen a -5.66% decrease for the week, with a -5.53% drop in the past month and a -9.17% fall in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.32% for Blackstone Mortgage Trust Inc The simple moving average for the last 20 days is -3.50% for BXMT stock, with a simple moving average of -8.97% for the last 200 days.

Analysts’ Opinion of BXMT

Many brokerage firms have already submitted their reports for BXMT stocks, with BofA Securities repeating the rating for BXMT by listing it as a “Neutral.” The predicted price for BXMT in the upcoming period, according to BofA Securities is $21 based on the research report published on March 04, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see BXMT reach a price target of $23.50. The rating they have provided for BXMT stocks is “Neutral” according to the report published on December 06th, 2023.

BTIG Research gave a rating of “Buy” to BXMT, setting the target price at $24 in the report published on July 17th of the previous year.

BXMT Trading at -2.80% 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 -18.89% of loss for the given period.

Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -1.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.17% lower at present.

During the last 5 trading sessions, BXMT fell by -5.66%, which changed the moving average for the period of 200-days by -3.40% in comparison to the 20-day moving average, which settled at $20.00. In addition, Blackstone Mortgage Trust Inc saw -9.17% 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 Keenan Katharine A, who sale 2,275 shares at the price of $20.25 back on Mar 11 ’24. After this action, Keenan Katharine A now owns 192,023 shares of Blackstone Mortgage Trust Inc, valued at $46,066 using the latest closing price.

Marone Anthony F. JR, the Chief Financial Officer of Blackstone Mortgage Trust Inc, sale 485 shares at $20.25 during a trade that took place back on Mar 11 ’24, which means that Marone Anthony F. JR is holding 60,112 shares at $9,822 based on the most recent closing price.

Stock Fundamentals for BXMT

Current profitability levels for the company are sitting at:

  • 0.84 for the present operating margin
  • 0.82 for the gross margin

The net margin for Blackstone Mortgage Trust Inc stands at 0.37. The total capital return value is set at 0.05. Equity return is now at value 5.55, with 1.00 for asset returns.

Based on Blackstone Mortgage Trust Inc (BXMT), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 4.42. The interest coverage ratio of the stock is 0.41.

Currently, EBITDA for the company is 251.92 million with net debt to EBITDA at 33.46. When we switch over and look at the enterprise to sales, we see a ratio of 33.26. The receivables turnover for the company is 3.09for trailing twelve months and the total asset turnover is 0.03.

Conclusion

In conclusion, Blackstone Mortgage Trust Inc (BXMT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.

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