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BidaskClub downgraded Blackstone Mortgage Trust Inc (NYSE:BXMT) to Buy in a report released today.

Yesterday Blackstone Mortgage Trust Inc (NYSE:BXMT) traded -0.10% lower at $30.94. The company’s 50-day moving average is $31.16 and its 200-day moving average is $30.99. The last closing price is down 0.47% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 733,260 shares of the stock traded hands, up from an average trading volume of 649,264

BidaskClub has downgraded Blackstone Mortgage Trust Inc (NYSE:BXMT) to Buy in a report released on 07/08/2017.

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Blackstone Mortgage Trust Inc (NYSE:BXMT)

Blackstone Mortgage Trust Inc has a 52 week low of $27.89 and a 52 week high of $32.47 with a P/E ratio of 13.39 The company’s market cap is currently $0.

In addition to BidaskClub reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $28.71 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Blackstone Mortgage Trust Inc (NYSE:BXMT)

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. These investments may be in the form of whole loans or may also include pari passu participations within mortgage loans. It directly originates, co-originates and acquires debt instruments in conjunction with acquisitions, refinancings and recapitalizations of commercial real estate. The Company's manager is BXMT Advisors L.L.C.

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