The stock of Blackstone Mortgage Trust Inc (NYSE: BXMT) has decreased by 0.00 when compared to last closing price of 17.91. Despite this, the company has experienced a -5.04% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-28 that Blackstone Mortgage Trust’s stock declined 4.6% after reporting a net loss in Q1 due to loan problems in the office category. An increase in the expected credit loss reserve affected the company’s dividend coverage ratio, raising concerns about the sustainability of the dividend. The market is concerned about the credit quality of the trust’s office loan portfolio, reflected in the 29% discount to book value.
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 653.65x, which is above its average ratio. Moreover, the 36-month beta value for BXMT is 1.46. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for BXMT is 163.40M and currently, short sellers hold a 15.75% of that float. On April 30, 2024, BXMT’s average trading volume was 2.25M shares.
BXMT’s Market Performance
The stock of Blackstone Mortgage Trust Inc (BXMT) has seen a -5.04% decrease in the past week, with a -10.05% drop in the past month, and a -16.23% fall in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 2.52% for BXMT. The simple moving average for the past 20 days is -4.51% for BXMT’s stock, with a -14.91% simple moving average for the past 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 -8.05% 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 -24.81% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares sank -8.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.42% lower at present.
During the last 5 trading sessions, BXMT fell by -5.04%, which changed the moving average for the period of 200-days by -19.43% in comparison to the 20-day moving average, which settled at $18.67. In addition, Blackstone Mortgage Trust Inc saw -15.80% 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:
- 0.01 for the present operating margin
- 0.83 for the gross margin
The net margin for Blackstone Mortgage Trust Inc stands at 0.01. The total capital return value is set at 0.0. Equity return is now at value 0.11, with 0.02 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 4.55. The interest coverage ratio of the stock is 0.0.
Currently, EBITDA for the company is 251.92 million with net debt to EBITDA at 3260.92. When we switch over and look at the enterprise to sales, we see a ratio of 33.75. The receivables turnover for the company is 3.1for trailing twelve months and the total asset turnover is 0.03.
Conclusion
To wrap up, the performance of Blackstone Mortgage Trust Inc (BXMT) has been bad in recent times. The stock has received a bullish 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.
