Blackstone Mortgage Trust, Inc. (NYSE:BXMT) close to 52-week high, short interest down

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $31.11, up by 1.24%, with a volume of 649,467 shares against an average volume for the last 3 months of 782,873.

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BXMT reported last quarter earnings on April 28. The REIT – Diversified company announced earnings per share of $0.48 against a consensus Street estimate of $0.49, missing estimate by $0.01. This corresponds to an increase of $0.12 compared to the same quarter of the previous fiscal year.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) is currently trading 2.17% below its 52-week-high, 21.71% above its 52-week-low. The 12-months range for the stock is $25.56 – $31.8. Blackstone Mortgage Trust, Inc. (BXMT) has a price to earnings ratio of 16.73 versus S&P 500 average of 18.16. BXMT stock price has outperformed the S&P 500 by 5.8%. The REIT – Diversified company is currently valued at $2.53 billion and its share price closed the last trading session at $31.11. The stock has a 50-day moving average of $29.5 and a 200-day moving average of $28.85.

Blackstone Mortgage Trust, Inc. (BXMT) current short interest stands at 1.56 million shares. It has decreased by 4% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.1 million shares, the number of days required to cover the short positions stand at 1.5 days.

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There are currently nine analysts that cover BXMT stock. Of those nine, eight have a Buy rating, one has a Hold rating. On a consensus basis this yields to a Buy rating. The consensus target price stands at $33.13.

A recent analyst activity consisted of Keefe Bruyette & Woods reiterating their Outperform stance on May 1. Keefe Bruyette & Woods decreased price target from $34 to $33. This corresponds to a 6.08% upside from the last closing price. On the date of report, the stock closed at $31.11.

Another research firm was Deutsche Bank who reiterated their Buy stance on April 13. Deutsche Bank increased their price target on Blackstone Mortgage Trust, Inc. from $31.5 to $33. This translates to a 6.08% upside from the last closing price. On the date of report, the stock closed at $31.11.

Company profile

Blackstone Mortgage Trust, Inc., a real estate finance company, primarily focuses on originating mortgage loans backed by commercial real estate assets. It intends to originate, acquire, and manage commercial real estate loans, and securities and other commercial real estate-related debt instruments. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. on May 6, 2013. Blackstone Mortgage Trust, Inc. was founded in 1966 and is based in New York, New York.

Blackstone Mortgage Trust, Inc. (NYSE:BXMT) close to 52-week high, short interest down was last modified: May 4th, 2015 by Jason Ford