The stock of Blackstone Mortgage Trust Inc (BXMT) has gone up by 1.33% for the week, with a 9.54% rise in the past month and a 4.72% rise in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are 2.11% for BXMT. The simple moving average for the past 20 days is 7.48% for BXMT’s stock, with a -0.22% simple moving average for the past 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 above average at 720.80x, Company’s 36-month beta value is 1.53.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BXMT is 163.40M, and currently, short sellers hold a 16.68% ratio of that floaft. The average trading volume of BXMT on July 23, 2024 was 2.05M shares.
BXMT) stock’s latest price update
The stock price of Blackstone Mortgage Trust Inc (NYSE: BXMT) has surged by 0.66 when compared to previous closing price of 19.62, but the company has seen a 1.33% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-21 that After a terrible start to the year, mortgage REITs are hot in July. Don’t tell ORC. They missed most of the rally. If only it was an opportunity to destroy book value. They’re so good at that. Quick commentary on MAIN.
Analysts’ Opinion of BXMT
Many brokerage firms have already submitted their reports for BXMT stocks, with BTIG Research repeating the rating for BXMT by listing it as a “Buy.” The predicted price for BXMT in the upcoming period, according to BTIG Research is $23 based on the research report published on July 19, 2024 of the current year 2024.
BofA Securities gave a rating of “Neutral” to BXMT, setting the target price at $21 in the report published on March 04th of the current year.
BXMT Trading at 10.14% 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 -17.09% of loss for the given period.
Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares surge +8.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.48% upper at present.
During the last 5 trading sessions, BXMT rose by +1.13%, which changed the moving average for the period of 200-days by -3.67% in comparison to the 20-day moving average, which settled at $18.45. In addition, Blackstone Mortgage Trust Inc saw -7.15% 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 4,508 shares at the price of $17.53 back on Jun 17 ’24. After this action, Keenan Katharine A now owns 182,960 shares of Blackstone Mortgage Trust Inc, valued at $79,036 using the latest closing price.
Marone Anthony F. JR, the Chief Financial Officer of Blackstone Mortgage Trust Inc, sale 1,002 shares at $17.56 during a trade that took place back on Jun 17 ’24, which means that Marone Anthony F. JR is holding 58,118 shares at $17,595 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 34.26. The receivables turnover for the company is 3.1for trailing twelve months and the total asset turnover is 0.03.
Conclusion
In a nutshell, Blackstone Mortgage Trust Inc (BXMT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
