Investing in Blackstone Mortgage Trust Inc. (BXMT) Is Getting More Attractive


In a filing, Blackstone Mortgage Trust Inc. revealed its CEO & President Keenan Katharine A unloaded Company’s shares for reported $49983.0 on Aug 30. In the deal valued at $21.98 per share,2,274 shares were sold. As a result of this transaction, Keenan Katharine A now holds 153,719 shares worth roughly $ 3.41 million.

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Then, Marone Anthony F. JR sold 506 shares, generating $11,152 in total proceeds. Upon selling the shares at $22.04, the Chief Financial Officer now owns 51,381 shares.

Before that, Keenan Katharine A sold 2,275 shares. Blackstone Mortgage Trust Inc. shares valued at $45,011 were divested by the CEO & President at a price of $19.79 per share. As a result of the transaction, Keenan Katharine A now holds 155,993 shares, worth roughly $3.46 million.

BTIG Research reiterated its Blackstone Mortgage Trust Inc. [BXMT] rating to a Buy in a research note published on Friday, July 17, 2023; the price target was $24. PT values the company’s stock at a premium of 7.67 to its Friday closing price.

Price Performance Review of BXMT

On Friday, Blackstone Mortgage Trust Inc. [NYSE:BXMT] saw its stock jump 0.64% to $22.16. On the same session, the stock had its day’s lowest price of $22.025, but rose to a high of $22.28. Over the last five days, the stock has gained 4.97%. Blackstone Mortgage Trust Inc. shares have risen nearly 4.68% since the year began. Nevertheless, the stocks have fallen -23.53% over the past one year. While a 52-week high of $29.71 was reached on 02/02/23, a 52-week low of $16.60 was recorded on 04/10/23. SMA at 50 days reached $21.75, while 200 days put it at $20.91. A total of 0.97 million shares were traded, compared to the trading of 0.93 million shares in the previous session.

Levels Of Support And Resistance For BXMT Stock

The 24-hour chart illustrates a support level at 22.03, which if violated will result in even more drops to 21.90. On the upside, there is a resistance level at 22.28. A further resistance level may holdings at 22.41. The Relative Strength Index (RSI) on the 14-day chart is 57.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.92%. Stochastics %K at 92.80% indicates the stock is a selling.

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 Aug 14, 2023, dropping by -0.87 million shares to a total of 20.83 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 21.7 million shares. There was a decline of -4.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.3.

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 15,879,091 shares, or roughly 9.22% of the outstanding BXMT shares. In other words, the investor’s shares have fallen by -211,441 from its previous 13-F filing of 16090532.0. Additionally, BlackRock Fund Advisors increased 1.86% of its stake after which the total value it holdings stand at $281,334,515, while Geode Capital Management LLC added 2.79% of its stake to hold $87.99 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 12,582 shares of Blackstone Mortgage Trust Inc., while Charles Schwab Investment Managem bought 89,986 shares. At present, Morgan Stanley Smith Barney LLC is holding 2,327,990 shares valued at $53.52 million. Merrill Lynch, Pierce, Fenner & S owned 2,247,546 shares of the company at the time of its most recent 13F filing, worth $51.67 million.


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