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


Blackstone Mortgage Trust Inc.’s filing revealed that its Director Nash Michael B. acquired Company’s shares for reported $0.94 million on Mar 13. In the deal valued at $18.86 per share,50,000 shares were bought. As a result of this transaction, Nash Michael B. now holds 468,455 shares worth roughly $ 8.77 million.

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Then, Keenan Katharine A sold 1,011 shares, generating $21,373 in total proceeds. Upon selling the shares at $21.14, the CEO & President now owns 167,409 shares.

Before that, Keenan Katharine A sold 2,299 shares. Blackstone Mortgage Trust Inc. shares valued at $54,095 were divested by the CEO & President at a price of $23.53 per share. As a result of the transaction, Keenan Katharine A now holds 168,420 shares, worth roughly $3.15 million.

Keefe Bruyette downgraded its Blackstone Mortgage Trust Inc. [BXMT] rating to a Mkt perform from a an Outperform in a research note published on Monday. PT values the company’s stock at a premium of 27.96 to its Monday closing price. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in late November from “a Mkt perform” to “an Outperform”. JP Morgan also remained covering BXMT and has decreased its forecast on April 26, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. BTIG Research started covering the stock on April 13, 2021. It rated BXMT as “a Buy”.

Price Performance Review of BXMT

On Monday, Blackstone Mortgage Trust Inc. [NYSE:BXMT] saw its stock fall -0.79% to $18.73. On the same session, the stock had its day’s lowest price of $17.99, but rose to a high of $19.10. Over the last five days, the stock has lost -11.48%. Blackstone Mortgage Trust Inc. shares have fallen nearly -11.53% since the year began. Nevertheless, the stocks have fallen -40.14% over the past one year. While a 52-week high of $32.90 was reached on 02/02/23, a 52-week low of $18.66 was recorded on 03/13/23. SMA at 50 days reached $22.31, while 200 days put it at $25.75. A total of 4.52 million shares were traded, compared to the trading of 2.93 million shares in the previous session.

Levels Of Support And Resistance For BXMT Stock

The 24-hour chart illustrates a support level at 18.11, which if violated will result in even more drops to 17.50. On the upside, there is a resistance level at 19.22. A further resistance level may holdings at 19.72. The Relative Strength Index (RSI) on the 14-day chart is 22.23, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.34%. Stochastics %K at 8.47% indicates the stock is a buying.

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 Jan 12, 2023, growing by 0.87 million shares to a total of 9.47 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 8.6 million shares. There was a rise of 9.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.78.

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 15,635,401 shares, or roughly 9.07% of the outstanding BXMT shares. In other words, the investor’s shares have risen by 363,891 from its previous 13-F filing of 15271510.0. Additionally, BlackRock Fund Advisors decreased -0.59% of its stake after which the total value it holdings stand at $266,332,276, while SSgA Funds Management, Inc. added 0.85% of its stake to hold $74.36 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 191,244 shares of Blackstone Mortgage Trust Inc., while Charles Schwab Investment Managem bought 86,613 shares. At present, Morgan Stanley Smith Barney LLC is holding 2,166,521 shares valued at $45.87 million. Merrill Lynch, Pierce, Fenner & S owned 2,005,823 shares of the company at the time of its most recent 13F filing, worth $42.46 million.

According to FactSet, Blackstone Mortgage Trust Inc.’s share price will average $24.86 in the next year, based on opinions of analysts polled by the firm. This is up nearly 32.42 percent from its previous closing price of $18.88. Analysts expect Blackstone Mortgage Trust Inc. stock to reach the higher price of $26.00, while the lowest price estimate is $23.00. However, 9 analysts have rated BXMT stock as an Overweight in their predictions for 2023. The most recent change occurred on November 06, 2020 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.


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