BTIG analyst Sarah Barcomb reiterated a Buy rating on Blackstone Mortgage (BXMT – Research Report) on May 12 and set a price target of $19.00. The company’s shares closed last Friday at $17.18.
Barcomb covers the Financial sector, focusing on stocks such as Ares Commercial, Blackstone Mortgage, and Starwood Property. According to TipRanks, Barcomb has an average return of -1.3% and a 57.14% success rate on recommended stocks.
In addition to BTIG, Blackstone Mortgage also received a Buy from Bank of America Securities’s Derek Hewett in a report issued on April 27. However, on the same day, J.P. Morgan maintained a Hold rating on Blackstone Mortgage (NYSE: BXMT).
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Based on Blackstone Mortgage’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $117.75 million. In comparison, last year the company had a net profit of $99.7 million
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BXMT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Blackstone Mortgage Trust, Inc. is a real estate finance company, which engages in originating senior loans collateralized by commercial real estate. Its investment objective is to preserve and protect shareholder capital while producing risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. The company was founded by Samuel Zell, John R. Klopp, and Craig M. Hatkoff in July 1997 and is headquartered in New York, NY.
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