The closing price of Blackstone Mortgage Trust Inc (NYSE: BXMT) was $19.78 for the day, down -1.10% from the previous closing price of $20.00. In other words, the price has decreased by $+0.40 from its previous closing price. On the day, 1514101 shares were traded. BXMT stock price reached its highest trading level at $19.87 during the session, while it also had its lowest trading level at $19.52.
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Ratios:
Our analysis of BXMT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.49. In the meantime, Its Debt-to-Equity ratio is 4.42 whereas as Long-Term Debt/Eq ratio is at 3.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on March 04, 2024, Downgraded its rating to Neutral and sets its target price to $21 from $22 previously.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $23.50.
BTIG Research reiterated its Buy rating for the stock on July 17, 2023, while the target price for the stock was revised from $19 to $24.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 11 ’24 when Keenan Katharine A sold 2,275 shares for $20.25 per share. The transaction valued at 46,066 led to the insider holds 192,023 shares of the business.
Marone Anthony F. JR sold 485 shares of BXMT for $9,822 on Mar 11 ’24. The Chief Financial Officer now owns 60,112 shares after completing the transaction at $20.25 per share. On Mar 01 ’24, another insider, Keenan Katharine A, who serves as the CEO & President of the company, sold 2,274 shares for $20.42 each. As a result, the insider received 46,437 and left with 194,298 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BXMT now has a Market Capitalization of 3.44B. As of this moment, Blackstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.03, and their Forward P/E ratio for the next fiscal year is 8.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.71 while its Price-to-Book (P/B) ratio in mrq is 0.78.
Stock Price History:
Over the past 52 weeks, BXMT has reached a high of $23.82, while it has fallen to a 52-week low of $16.60. The 50-Day Moving Average of the stock is 19.89, while the 200-Day Moving Average is calculated to be 21.22.
Shares Statistics:
BXMT traded an average of 2.20M shares per day over the past three months and 2.11M shares per day over the past ten days. A total of 173.21M shares are outstanding, with a floating share count of 163.50M. Insiders hold about 5.86% of the company’s shares, while institutions hold 61.65% stake in the company. Shares short for BXMT as of Feb 29, 2024 were 25.8M with a Short Ratio of 11.44, compared to 25.69M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.86% and a Short% of Float of 14.98%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.48, BXMT has a forward annual dividend rate of 3.10. Against a Trailing Annual Dividend Yield of 12.80%, it implies a Forward Annual Dividend Yield of 12.54%. The stock’s 5-year Average Dividend Yield is 9.36. The current Payout Ratio is 173.68% for BXMT, which recently paid a dividend on Apr 15, 2024 with an ex-dividend date of Mar 27, 2024. Stock splits for the company last occurred on May 07, 2013 when the company split stock in a 1:10 ratio.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.65 and a low estimate of $0.25, while EPS last year was $0.79. The consensus estimate for the next quarter is $0.48, with high estimates of $0.64 and low estimates of $0.24.
Analysts are recommending an EPS of between $2.52 and $1.57 for the fiscal current year, implying an average EPS of $2.04. EPS for the following year is $2.38, with 5 analysts recommending between $2.55 and $1.95.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $156M to a low estimate of $145M. As of the current estimate, Blackstone Mortgage Trust Inc’s year-ago sales were $169.04M, an estimated decrease of -12.20% from the year-ago figure.
A total of 4 analysts have provided revenue estimates for BXMT’s current fiscal year. The highest revenue estimate was $597.13M, while the lowest revenue estimate was $568M, resulting in an average revenue estimate of $576.98M. In the same quarter a year ago, actual revenue was $670.66M, down -14.00% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $558.89M in the next fiscal year. The high estimate is $567.3M and the low estimate is $546.36M. The average revenue growth estimate for next year is down -3.10% from the average revenue estimate for this year.
