In a report released yesterday, Jade Rahmani from KBW maintained a Hold rating on Blackstone Mortgage (BXMT – Research Report), with a price target of $20.50. The company’s shares closed yesterday at $18.25.
According to TipRanks, Rahmani is a 5-star analyst with an average return of 16.6% and a 75.74% success rate. Rahmani covers the Real Estate sector, focusing on stocks such as Ladder Capital, Arbor Realty, and Blackstone Mortgage.
In addition to KBW, Blackstone Mortgage also received a Hold from JMP Securities’s Steven Delaney in a report issued yesterday. However, on April 17, BTIG maintained a Buy rating on Blackstone Mortgage (NYSE: BXMT).
The company has a one-year high of $21.95 and a one-year low of $14.95. Currently, Blackstone Mortgage has an average volume of 2.14M.
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Blackstone Mortgage (BXMT) Company Description:
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.
Read More on BXMT:
- BXMT Upcoming Earnings Report: What to Expect?
- Blackstone Mortgage price target lowered to $22 from $24 at BTIG
- Blackstone Mortgage price target lowered to $18.50 from $19 at JPMorgan
- Block says commercial real estate shakeout in ‘early innings’
- Muddy Waters ‘more bearish’ on Blackstone Mortgage, Block says
