Market cap of Blackstone Mortgage Trust Inc. [BXMT] reaches 4.73B – now what?


Blackstone Mortgage Trust Inc. [NYSE: BXMT] It decreased by -0.58 USD during the normal trading session on Thursday and reached a high of USD 28.51 on the day while closing the day at USD 27.87. Company report on September 15, 2022 Blackstone Mortgage Trust announces $0.62 per share of earnings.

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The Blackstone Mortgage Trust, Inc. (NYSE: BXMT) announced a dividend of $0.62 per share of Class A common stock in connection with the third quarter of 2022. Acted on September 30, 2022.

Blackstone Mortgage Trust Inc stock also lost ground. -2.69% of its value over the past seven days. However, BXMT stock is down -2.62% in the three months of the year. Over the past six months, it has lost -12.74% and lost -8.98% year over year.

BXMT stock has a market capitalization of $4.73 billion, with 170.67 million shares outstanding and 168.35 million shares in current float. Compared to an average trading volume of 1.37 million shares, BXMT had a trading volume of 2,636,717 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what leading stock market gurus have to say about Blackstone Mortgage Trust Inc. [BXMT]:

Based on accurate and fact-backed analyzes by Wall Street experts, the current consensus on a target price for BXMT shares is $32.00 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for BXMT stock is a set recommendation at 2.30. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Keefe Bruyette made an appreciation for the shares of Blackstone Mortgage Trust Inc. , retaining their opinion of the stock as Outperform, with their previous recommendation back on November 29, 2021. The new note on price target was released on April 26, 2021, which is the official target price for Blackstone Mortgage Trust Inc. stock. Previously, the target price had received another increase to $35, while BTIG Research analysts maintained a buy rating on BXMT stock.

The Average True Range (ATR) is set by Blackstone Mortgage Trust Inc. at 0.54, with a price-to-sales ratio for BXMT stock in the last twelve months at 4.78. The price-to-book ratio for the most recent quarter was 1.03, with the price-to-cash ratio for the stock in the same quarter set at 1.67. The BXMT free cash flow rate for the past 12 months was 1970.06.

BXMT stock trading performance evaluation

Blackstone Mortgage Trust Inc. [BXMT] It fell in the red at the end of last week, fell in a negative direction and fell by -2.69. With this latest performance, BXMT shares are down -6.04% over the past four-week period, and also -12.74% over the past six months – not to mention a -10.41% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for BXMT stock for the past two weeks was set at 36.72, with the RSI for the last one trading at 32.81, and the three-week RSI set at 39.68 for Blackstone Mortgage Trust Inc. [BXMT]. The current moving average of the last 50 trading days for this stock is 29.53, while it recorded at 28.62 for the last trading week, and 30.40 for the last 200 days.

Earnings per share (EPS) analysis for Blackstone Mortgage Trust Inc. [BXMT] stock

The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for BXMT. When it comes to the stated value, analysts expect Blackstone Mortgage Trust Inc.’s 5-year EPS growth rate to rise. to 2.17%.

Blackstone Mortgage Trust Inc. [BXMT]: Insiders ownership positions

There are currently approximately $2,676 million, or 57.00% of BXMT stock, in the hands of institutional investors. The three largest shareholders of BXMT are: VANGUARD GROUP INC with ownership of 15381891, which is approximately 2.134% of the company’s market capitalization and about 0.70% of the total institutional ownership; BLACKROCK INC. , which owns 1,3897.217 shares of stock with an approximate value of $387.31 million in BXMT stock; and BLACKSTONE INC. , currently holds $184.8 million in BXMT shares with ownership of approximately 0% of the company’s market value.

Positions increased in the shares of Blackstone Mortgage Trust Inc. held by institutional investors at the end of July and at the time of the July report, as 187 institutional owners consolidated their positions in Blackstone Mortgage Trust Inc. [NYSE:BXMT] About 5,373,717 shares. In addition, the number of 152 investors decreased by about 4,961,008 shares, while 66 investors held positions with 85,676,527 shares. The said changes put institutional holdings at 96,011,252 shares, according to the latest report from the Securities and Exchange Commission. BXMT stock had 44 new institutional investors totaling 949,837 shares, while 53 institutional investors sold positions worth 1,873,132 shares during the same period.

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