B. Riley set a $33.00 target price on Blackstone Mortgage Trust (NYSE:BXMT) in a research report released on Thursday morning. The firm currently has a buy rating on the real estate investment trust’s stock.
A number of other equities analysts have also commented on the company. Zacks Investment Research upgraded Blackstone Mortgage Trust from a hold rating to a buy rating and set a $35.00 price objective on the stock in a research note on Thursday, January 25th. Wells Fargo & Co started coverage on Blackstone Mortgage Trust in a research note on Wednesday, December 6th. They set an outperform rating on the stock. Keefe, Bruyette & Woods lowered Blackstone Mortgage Trust from an outperform rating to a market perform rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. lowered Blackstone Mortgage Trust from an overweight rating to a neutral rating in a research note on Tuesday, February 6th. Finally, FBR & Co raised their price objective on Blackstone Mortgage Trust from $32.00 to $33.00 and gave the stock a buy rating in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Blackstone Mortgage Trust currently has a consensus rating of Buy and an average price target of $33.60.
Blackstone Mortgage Trust (BXMT) opened at $31.42 on Thursday. Blackstone Mortgage Trust has a 52 week low of $29.51 and a 52 week high of $33.08. The company has a market capitalization of $3,399.46, a price-to-earnings ratio of 13.84 and a beta of 0.59.
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Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc is a holding company. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company originates and purchases senior loans collateralized by properties in North America and Europe. The Company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets primarily in the office, lodging, retail, residential and industrial sectors.
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