JPMorgan Chase & Co. Issues Pessimistic Forecast for Blackstone Mortgage Trust (NYSE:BXMT) Stock Price

Blackstone Mortgage Trust (NYSE:BXMT) had its price objective lowered by JPMorgan Chase & Co. from $18.50 to $17.50 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 5.07% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods cut their price target on Blackstone Mortgage Trust from $19.00 to $18.50 and set a “market perform” rating for the company in a research note on Tuesday, January 14th. Wolfe Research raised Blackstone Mortgage Trust from a “peer perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Blackstone Mortgage Trust has a consensus rating of “Hold” and an average price target of $20.14.

Blackstone Mortgage Trust Trading Up 0.6 %

Blackstone Mortgage Trust stock opened at $18.44 on Tuesday. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -13.26 and a beta of 1.50. The firm’s fifty day moving average price is $18.37 and its two-hundred day moving average price is $18.39. Blackstone Mortgage Trust has a 1-year low of $16.53 and a 1-year high of $21.50.

Institutional Investors Weigh In On Blackstone Mortgage Trust

Hedge funds have recently made changes to their positions in the business. True North Advisors LLC increased its holdings in Blackstone Mortgage Trust by 2.4% during the fourth quarter. True North Advisors LLC now owns 23,993 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 558 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Blackstone Mortgage Trust by 2.5% during the 2nd quarter. AQR Capital Management LLC now owns 44,940 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 1,111 shares during the period. MBM Wealth Consultants LLC increased its stake in shares of Blackstone Mortgage Trust by 9.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 13,737 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 1,208 shares during the last quarter. Glassy Mountain Advisors Inc. raised its holdings in shares of Blackstone Mortgage Trust by 2.6% in the 3rd quarter. Glassy Mountain Advisors Inc. now owns 61,445 shares of the real estate investment trust’s stock worth $1,168,000 after purchasing an additional 1,534 shares during the period. Finally, FMR LLC lifted its stake in Blackstone Mortgage Trust by 11.4% in the third quarter. FMR LLC now owns 17,812 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 1,827 shares during the last quarter. 64.15% of the stock is currently owned by institutional investors.

Blackstone Mortgage Trust Company Profile

Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by commercial properties in North America, Europe, and Australia. The company originates and acquires senior floating rate mortgage loans that are secured by a first-priority mortgage on commercial real estate assets.