Zacks Investment Research upgraded Blackstone Mortgage Trust Inc (NYSE:BXMT) to Hold in a report released today.
- Updated: September 27, 2016
Yesterday Blackstone Mortgage Trust Inc (NYSE:BXMT) traded 0.73% higher at $30.41. The company’s 50-day moving average is $29.38 and its 200-day moving average is $28.11. The last closing price is up 8.19% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 809,634 shares of the stock were exchanged, up from an average trading volume of 599,447
Zacks Investment Research has upgraded Blackstone Mortgage Trust Inc (NYSE:BXMT) to Hold in a report released on 9/27/2016.
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Blackstone Mortgage Trust Inc has a 52 week low of $22.13 and a 52 week high of $30.46 with a P/E ratio of 11.31 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 7 brokers have issued a report on the stock. The consensus target price 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, which conducts its operations as a real estate investment trust. The Company is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. Its 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, residential, retail, industrial and healthcare sectors in North America and Europe. These investments may be in the form of whole loans or may also include pari passu participations within mortgage loans. The Company manages its business through CT Legacy Portfolio, which consists of interests in CT Legacy Partners, LLC and CT Opportunity Partners I, LP. It originates and acquires fixed rate loans and subordinate loans, including subordinate mortgage interests and mezzanine loans. The Company's manager is BXMT Advisors L.L.C.
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