Blackstone Mortgage Trust Inc. (NYSE:BXMT) shares traded lower over the last trading session, losing -2.24% on 05/11/21. The shares fell to a low of $30.13 before closing at $30.51. Intraday shares traded counted 1.23 million, which was -14.57% lower than its 30-day average trading volume of 1.07M. BXMT’s previous close was $31.21 while the outstanding shares total 145.55M. The firm has a beta of 1.37, a 12-month trailing P/E ratio of 32.74. The stock’s Relative Strength Index (RSI) is 35.34, with weekly volatility at 2.26% and ATR at 0.62. The BXMT stock’s 52-week price range has touched low of $19.57 and a $33.01 high.
Investors have identified the REIT – Mortgage company Blackstone Mortgage Trust Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.44 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 2.34 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BXMT sounds very interesting.
Is the stock of BXMT attractive?
In related news, President, Keenan Katharine A sold 1,912 shares of the company’s stock in a transaction that recorded on Mar 31. The sale was performed at an average price of 31.14, for a total value of 59,540. As the sale deal closes, the Chief Financial Officer, Marone Anthony F. JR now sold 384 shares of the company’s stock, valued at 11,804. Also, Executive Vice President, Armer Douglas N. sold 614 shares of the company’s stock in a deal that was recorded on Mar 01. The shares were price at an average price of 30.79 per share, with a total market value of 18,905. Following this completion of acquisition, the Chief Financial Officer, Marone Anthony F. JR now holds 440 shares of the company’s stock, valued at 12,619. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
3 out of 9 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Blackstone Mortgage Trust Inc.. 0 analysts has assigned a Sell rating on the BXMT stock. The 12-month mean consensus price target for the company’s shares has been set at $33.67.