Sunday, June 26, 2022

Investing in Blackstone Mortgage Trust Inc. (BXMT): What You Must Know

Blackstone Mortgage Trust Inc.’s recently made public that its Director Pollack Jonathan Lee acquired Company’s shares for reported $0.35 million on Jun 16. In the deal valued at $26.16 per share,13,500 shares were bought. As a result of this transaction, Pollack Jonathan Lee now holds 114,683 shares worth roughly $ 3.18 million.


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Then, Nash Michael B. bought 40,000 shares, generating $1,045,752 in total proceeds. Upon buying the shares at $26.14, the Director now owns 400,455 shares.

Before that, Marone Anthony F. JR sold 967 shares. Blackstone Mortgage Trust Inc. shares valued at $29,610 were divested by the Chief Financial Officer at a price of $30.62 per share. As a result of the transaction, Marone Anthony F. JR now holds 45,246 shares, worth roughly $1.25 million.

Taking this into account, Keefe Bruyette upgraded its Blackstone Mortgage Trust Inc. [BXMT] rating to an Outperform from a a Mkt perform in a research note published on Tuesday. PT values the company’s stock at a premium of 18.56 to its Tuesday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “a Neutral”. BTIG Research began covering BXMT with a “Buy” recommendation on April 13, 2021. Wolfe Research started covering the stock on November 06, 2020. It rated BXMT as “a Peer perform”.

Price Performance Review of BXMT

On Tuesday, Blackstone Mortgage Trust Inc. [NYSE:BXMT] saw its stock jump 1.47% to $27.69. On the same session, the stock had its day’s lowest price of $27.55, but rose to a high of $28.095. Over the last five days, the stock has gained 0.80%. Blackstone Mortgage Trust Inc. shares have fallen nearly -9.57% since the year began. Nevertheless, the stocks have fallen -14.56% over the past one year. While a 52-week high of $34.04 was reached on 03/29/22, a 52-week low of $25.99 was recorded on 06/16/22. SMA at 50 days reached $30.37, while 200 days put it at $31.27. A total of 1.59 million shares were traded, compared to the trading of 2.8 million shares in the previous session.

Levels Of Support And Resistance For BXMT Stock

The 24-hour chart illustrates a support level at 27.46, which if violated will result in even more drops to 27.23. On the upside, there is a resistance level at 28.01. A further resistance level may holdings at 28.32. The Relative Strength Index (RSI) on the 14-day chart is 38.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.92%. Stochastics %K at 26.92% indicates the stock is a holding.

Blackstone Mortgage Trust Inc. [BXMT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 14,802,239 shares, or roughly 8.69% of the outstanding BXMT shares. In other words, the investor’s shares have risen by 332,598 from its previous 13-F filing of 14469641.0. Additionally, BlackRock Fund Advisors decreased -9.46% of its stake after which the total value it holdings stand at $387,028,622, while Morgan Stanley Smith Barney LLC added 17.90% of its stake to hold $108.0 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 100,821 shares of Blackstone Mortgage Trust Inc., while Geode Capital Management LLC bought -436,727 shares. At present, Egerton Capital is holding 2,672,963 shares valued at $83.16 million. Northern Trust Investments, Inc. owned 1,957,409 shares of the company at the time of its most recent 13F filing, worth $60.89 million.

According to FactSet, Blackstone Mortgage Trust Inc.’s share price will average $34.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.59 percent from its previous closing price of $27.29. Analysts expect Blackstone Mortgage Trust Inc. stock to reach the higher price of $36.00, while the lowest price estimate is $32.00. However, 9 analysts have rated BXMT stock as an Overweight in their predictions for 2022.

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