Blackstone Mortgage Trust Inc (BXMT)’s Market Momentum: Closing Strong at 17.95, Up 0.11

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As of close of business last night, Blackstone Mortgage Trust Inc’s stock clocked out at $17.95, up 0.11% from its previous closing price of $17.93. In other words, the price has increased by $0.11 from its previous closing price. On the day, 2.01 million shares were traded. BXMT stock price reached its highest trading level at $18.0799 during the session, while it also had its lowest trading level at $17.85.

Ratios:

To gain a deeper understanding of BXMT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.03. In the meantime, Its Debt-to-Equity ratio is 4.55 whereas as Long-Term Debt/Eq ratio is at 3.63.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 17 ’24 when Keenan Katharine A sold 4,508 shares for $17.53 per share. The transaction valued at 79,036 led to the insider holds 182,960 shares of the business.

Marone Anthony F. JR sold 1,002 shares of BXMT for $17,595 on Jun 17 ’24. The Chief Financial Officer now owns 58,118 shares after completing the transaction at $17.56 per share. On Jun 10 ’24, another insider, Keenan Katharine A, who serves as the CEO & President of the company, sold 2,296 shares for $17.04 each. As a result, the insider received 39,115 and left with 187,468 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 3115832832 and an Enterprise Value of 21582174208. As of this moment, Blackstone’s Price-to-Earnings (P/E) ratio for their current fiscal year is 655.11, and their Forward P/E ratio for the next fiscal year is 9.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 301.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 131.571.

Stock Price History:

The Beta on a monthly basis for BXMT is 1.52, which has changed by -0.07474226 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, BXMT has reached a high of $23.82, while it has fallen to a 52-week low of $16.70. The 50-Day Moving Average of the stock is 0.22%, while the 200-Day Moving Average is calculated to be -11.39%.

Shares Statistics:

It appears that BXMT traded 1.98M shares on average per day over the past three months and 1868860 shares per day over the past ten days. A total of 173.21M shares are outstanding, with a floating share count of 163.48M. Insiders hold about 5.82% of the company’s shares, while institutions hold 61.56% stake in the company. Shares short for BXMT as of 1715731200 were 26699995 with a Short Ratio of 13.58, compared to 1713139200 on 25731687. Therefore, it implies a Short% of Shares Outstanding of 26699995 and a Short% of Float of 21.38.

Dividends & Splits

With its trailing 12-month dividend rate of 2.48, BXMT has a forward annual dividend rate of 2.48. Against a Trailing Annual Dividend Yield of 0.13831568The stock’s 5-year Average Dividend Yield is 9.69. The current Payout Ratio is 173.68% for BXMT, which recently paid a dividend on 2024-03-27 with an ex-dividend date of 1719532800. Stock splits for the company last occurred on 2013-05-07 when the company split stock in a 1:10 ratio.

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