Could Blackstone Mortgage Trust Inc (BXMT) Go Down After Reaching 52-Week High?

June 19, 2017 - By Adrian Erickson

Investors sentiment increased to 1.59 in 2016 Q4. Its up 0.12, from 1.47 in 2016Q3. It improved, as 19 investors sold Blackstone Mortgage Trust Inc shares while 54 reduced holdings. 38 funds opened positions while 78 raised stakes. 60.97 million shares or 5.89% less from 64.79 million shares in 2016Q3 were reported.
Raymond James And Assoc has 0.01% invested in Blackstone Mortgage Trust Inc (NYSE:BXMT). 24,792 are held by Proshare Advsr Ltd Com. Invesco Ltd reported 193,976 shares. Bessemer Group Inc owns 4,913 shares or 0% of their US portfolio. 6.87M were reported by Vanguard Group. Lazard Asset Lc invested in 0.03% or 478,936 shares. Winslow Evans And Crocker invested in 0% or 2,030 shares. Fred Alger Mgmt invested in 2.18 million shares. State Street Corp stated it has 229,364 shares or 0% of all its holdings. Moreover, Price T Rowe Associate Md has 0% invested in Blackstone Mortgage Trust Inc (NYSE:BXMT) for 44,300 shares. Bridgecreek Investment Mgmt Lc has invested 0.6% in Blackstone Mortgage Trust Inc (NYSE:BXMT). Principal Fincl Gp invested in 142,091 shares or 0.01% of the stock. Moreover, Stephens Ar has 0.03% invested in Blackstone Mortgage Trust Inc (NYSE:BXMT). Moreover, Evercore Wealth Mngmt Ltd has 0% invested in Blackstone Mortgage Trust Inc (NYSE:BXMT). Us Commercial Bank De owns 19,659 shares or 0% of their US portfolio.

Since January 31, 2017, it had 0 insider purchases, and 12 selling transactions for $113,802 activity. Another trade for 247 shares valued at $7,711 was sold by Marone Anthony F. JR. On Tuesday, January 31 the insider Armer Douglas N. sold $18,136. Another trade for 124 shares valued at $3,851 was made by Ruffing Thomas C on Wednesday, May 31.

The stock of Blackstone Mortgage Trust Inc (NYSE:BXMT) hit a new 52-week high and has $35.00 target or 8.00 % above today’s $32.41 share price. The 7 months bullish chart indicates low risk for the $3.08B company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $35.00 price target is reached, the company will be worth $246.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 130,123 shares traded. Blackstone Mortgage Trust Inc (NYSE:BXMT) has risen 12.11% since June 19, 2016 and is uptrending. It has underperformed by 4.59% the S&P500.

Analysts await Blackstone Mortgage Trust Inc (NYSE:BXMT) to report earnings on July, 25. They expect $0.59 earnings per share, down 4.84 % or $0.03 from last year’s $0.62 per share. BXMT’s profit will be $56.07M for 13.73 P/E if the $0.59 EPS becomes a reality. After $0.55 actual earnings per share reported by Blackstone Mortgage Trust Inc for the previous quarter, Wall Street now forecasts 7.27 % EPS growth.

Blackstone Mortgage Trust Inc (NYSE:BXMT) Ratings Coverage

Among 7 analysts covering Blackstone Mortgage Trust Inc (NYSE:BXMT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Blackstone Mortgage Trust Inc had 10 analyst reports since January 26, 2016 according to SRatingsIntel. Bank of America downgraded the stock to “Neutral” rating in Thursday, December 15 report. The firm has “Outperform” rating given on Friday, April 7 by Wood. Keefe Bruyette & Woods maintained it with “Buy” rating and $3300 target in Monday, May 29 report. The stock has “Mkt Perform” rating by JMP Securities on Thursday, February 16. The firm has “Outperform” rating by Credit Suisse given on Monday, April 18. The firm has “Market Perform” rating given on Monday, January 9 by Wells Fargo.

More notable recent Blackstone Mortgage Trust Inc (NYSE:BXMT) news were published by: Seekingalpha.com which released: “Blackstone Mortgage Trust’s (BXMT) CEO Steve Plavin on Q1 2017 Results …” on April 26, 2017, also Seekingalpha.com with their article: “Blackstone Mortgage Trust And The Pound Sterling” published on December 13, 2016, Prnewswire.com published: “Blackstone Mortgage Trust Announces Full Exercise Of Underwriters’ Over …” on May 23, 2017. More interesting news about Blackstone Mortgage Trust Inc (NYSE:BXMT) were released by: Forbes.com and their article: “Blackstone Mortgage Trust Named Top Dividend Stock With Insider Buying and 8 …” published on July 05, 2016 as well as Prnewswire.com‘s news article titled: “Blackstone Mortgage Trust, Inc. Announces Public Offering of Convertible …” with publication date: May 01, 2017.

Blackstone Mortgage Trust, Inc. is a holding company. The company has market cap of $3.08 billion. The Firm conducts its activities as a real estate investment trust for the United States federal income tax purposes. It has a 13.14 P/E ratio. The Firm originates and purchases senior loans collateralized by properties in North America and Europe.

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