A Guide To The Risks Of Investing In Blackstone Mortgage Trust Inc. (BXMT)


Blackstone Mortgage Trust Inc.’s recently made public that its CEO & President Keenan Katharine A unloaded Company’s shares for reported $23740.0 on Sep 30. In the deal valued at $23.88 per share,994 shares were sold. As a result of this transaction, Keenan Katharine A now holds 119,878 shares worth roughly $ 2.9 million.

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Then, Marone Anthony F. JR sold 484 shares, generating $13,886 in total proceeds. Upon selling the shares at $28.69, the Chief Financial Officer now owns 43,962 shares.

Before that, Keenan Katharine A sold 2,270 shares. Blackstone Mortgage Trust Inc. shares valued at $65,160 were divested by the CEO & President at a price of $28.70 per share. As a result of the transaction, Keenan Katharine A now holds 120,872 shares, worth roughly $2.93 million.

Keefe Bruyette upgraded its Blackstone Mortgage Trust Inc. [BXMT] rating to an Outperform from a a Mkt perform in a research note published on Friday. PT values the company’s stock at a premium of 28.79 to its Friday 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 “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 Friday, Blackstone Mortgage Trust Inc. [NYSE:BXMT] saw its stock jump 2.41% to $24.21. On the same session, the stock had its day’s lowest price of $23.73, but rose to a high of $24.465. Over the last five days, the stock has lost -4.87%. Blackstone Mortgage Trust Inc. shares have fallen nearly -20.93% since the year began. Nevertheless, the stocks have fallen -26.90% over the past one year. While a 52-week high of $34.04 was reached on 03/29/22, a 52-week low of $21.49 was recorded on 10/11/22. SMA at 50 days reached $25.79, while 200 days put it at $29.29. A total of 1.43 million shares were traded, compared to the trading of 2.7 million shares in the previous session.

Levels Of Support And Resistance For BXMT Stock

The 24-hour chart illustrates a support level at 23.80, which if violated will result in even more drops to 23.40. On the upside, there is a resistance level at 24.54. A further resistance level may holdings at 24.87. The Relative Strength Index (RSI) on the 14-day chart is 48.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.38%. Stochastics %K at 50.27% indicates the stock is a holding.

How much short interest is there in Blackstone Mortgage Trust Inc.?

A steep rise in short interest was recorded in Blackstone Mortgage Trust Inc. stocks on Jul 14, 2022, growing by 1.22 million shares to a total of 6.35 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.13 million shares. There was a rise of 19.21%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.78.

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 15,106,842 shares, or roughly 8.87% of the outstanding BXMT shares. In other words, the investor’s shares have risen by 304,603 from its previous 13-F filing of 14802239.0. Additionally, BlackRock Fund Advisors increased 1.73% of its stake after which the total value it holdings stand at $295,374,469, while Morgan Stanley Smith Barney LLC added 3.88% of its stake to hold $84.17 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 189,516 shares of Blackstone Mortgage Trust Inc., while Geode Capital Management LLC bought 103,031 shares. At present, Egerton Capital is holding 2,593,317 shares valued at $60.53 million. Merrill Lynch, Pierce, Fenner & S owned 2,092,469 shares of the company at the time of its most recent 13F filing, worth $48.84 million.

According to FactSet, Blackstone Mortgage Trust Inc.’s share price will average $28.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.44 percent from its previous closing price of $23.64. Analysts expect Blackstone Mortgage Trust Inc. stock to reach the higher price of $30.00, while the lowest price estimate is $27.00. However, 9 analysts have rated BXMT stock as an Overweight in their predictions for 2022.


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