Blackstone Mortgage Trust Inc (NYSE: BXMT)’s stock price has decreased by -0.27 compared to its previous closing price of 18.66. However, the company has seen a 1.47% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-22 that Dividend-paying stocks like Energy Transfer and Ladder Capital offer high yields and diversification, making them attractive for income-focused investors. ET’s robust growth is driven by strategic acquisitions, a vast pipeline network, and fee-based cash flows, making it a top value pick in the energy midstream space. Ladder Capital benefits from a diversified portfolio, prudent management, and strong liquidity, while trading at a material discount to book value with an 8.4% dividend yield.
Is It Worth Investing in Blackstone Mortgage Trust Inc (NYSE: BXMT) Right Now?
The 36-month beta value for BXMT is also noteworthy at 1.53. 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 163.47M, and at present, short sellers hold a 14.06% of that float. The average trading volume of BXMT on October 23, 2024 was 1.76M shares.
BXMT’s Market Performance
BXMT’s stock has seen a 1.47% increase for the week, with a -6.67% drop in the past month and a 7.26% gain in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 1.78% for Blackstone Mortgage Trust Inc The simple moving average for the last 20 days is 0.65% for BXMT stock, with a simple moving average of -0.69% for the last 200 days.
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 0.62% 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 -20.09% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -7.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.89% upper at present.
During the last 5 trading sessions, BXMT rose by +1.47%, which changed the moving average for the period of 200-days by -12.34% in comparison to the 20-day moving average, which settled at $18.49. In addition, Blackstone Mortgage Trust Inc saw -12.51% 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 Marone Anthony F. JR, who sale 503 shares at the price of $19.44 back on Sep 17 ’24. After this action, Marone Anthony F. JR now owns 56,623 shares of Blackstone Mortgage Trust Inc, valued at $9,778 using the latest closing price.
Marone Anthony F. JR, the Officer of Blackstone Mortgage Trust Inc, proposed sale 503 shares at $19.44 during a trade that took place back on Sep 17 ’24, which means that Marone Anthony F. JR is holding shares at $9,778 based on the most recent closing price.
Stock Fundamentals for BXMT
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.9 for the gross margin
The net margin for Blackstone Mortgage Trust Inc stands at -0.17. The total capital return value is set at 0.02. Equity return is now at value -3.70, with -0.66 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 4.61. The interest coverage ratio of the stock is 0.24.
Currently, EBITDA for the company is 251.92 million with net debt to EBITDA at 53.35. When we switch over and look at the enterprise to sales, we see a ratio of 23.01. The receivables turnover for the company is 4.69for trailing twelve months and the total asset turnover is 0.04.
Conclusion
In summary, Blackstone Mortgage Trust Inc (BXMT) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
