In last trading session, Blackstone Mortgage Trust Inc. (NYSE:BXMT) saw 34.6 million shares changing hands with its beta currently measuring 1.40. Company’s recent per share price level of $23.43 trading at $0.43 or 1.87% at ring of the bell on the day assigns it a market valuation of $4.05B. That closing price of BXMT’s stock is at a discount of -24.5% from its 52-week high price of $29.17 and is indicating a premium of 29.15% from its 52-week low price of $16.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.45 million shares which gives us an average trading volume of 2.33 million if we extend that period to 3-months.
For Blackstone Mortgage Trust Inc. (BXMT), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.7 in the current quarter.
Blackstone Mortgage Trust Inc. (NYSE:BXMT) trade information
Upright in the green during last session for gaining 1.87%, in the last five days BXMT remained trading in the green while hitting it’s week-highest on Friday, 09/15/23 when the stock touched $23.43 price level, adding 1.01% to its value on the day. Blackstone Mortgage Trust Inc.’s shares saw a change of 10.68% in year-to-date performance and have moved 1.43% in past 5-day. Blackstone Mortgage Trust Inc. (NYSE:BXMT) showed a performance of 11.73% in past 30-days. Number of shares sold short was 20.63 million shares which calculate 12.67 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $22.93 to the stock, which implies a fall of -2.18% to its current value. Analysts have been projecting $21.00 as a low price target for the stock while placing it at a high target of $24.00. It follows that stock’s current price would drop -2.43% in reaching the projected high whereas dropping to the targeted low would mean a gain of 10.37% for stock’s current value.
Blackstone Mortgage Trust Inc. (BXMT) estimates and forecasts
Statistics highlight that Blackstone Mortgage Trust Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 29.88% of value to its shares in past 6 months, showing an annual growth rate of 4.88% while that of industry is -15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -1.40% in the current quarter and calculating -25.30% decrease in the next quarter. This year revenue growth is estimated to rise 8.00% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $161.05 million for the same. And 4 analysts are in estimates of company making revenue of $159.82 million in the next quarter that will end on Dec 2023. Company posted $146.47 million and $191.08 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 10.00% while estimating it to be -16.40% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -8.50% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -47.30% while estimates for its earnings growth in next 5 years are of 2.17%.
Blackstone Mortgage Trust Inc. is more likely to be releasing its next quarterly report between October 24 and October 30 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Blackstone Mortgage Trust Inc. (NYSE:BXMT)’s Major holders
Insiders are in possession of 1.16% of company’s total shares while institution are holding 54.75 percent of that, with stock having share float percentage of 55.40%. Investors also watch the number of corporate investors in a company very closely, which is 54.75% institutions for Blackstone Mortgage Trust Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at BXMT for having 16.17 million shares of worth $336.56 million. And as of Jun 29, 2023, it was holding 9.39% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 13.65 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 7.92% of outstanding shares, having a total worth of $284.11 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 5.17 million shares of worth $107.54 million or 3.00% of the total outstanding shares. The later fund manager was in possession of 4.23 million shares on Jun 29, 2023, making its stake of worth around $87.93 million in the company or a holder of 2.45% of company’s stock.