Why Blackstone Mortgage Trust Inc (NYSE: BXMT) At $17.72 Is Worth Your Money?

Blackstone Mortgage Trust Inc (NYSE:BXMT) does about 2.01M shares in volume on a normal day but saw 1481352 shares change hands in Monday trading. The company now has a market cap of 3.08B USD. Its current market price is $17.72, marking an increase of 2.49% compared to the previous close of $17.29. The 52 week high reached by this stock is $23.82 whilst the lowest price level in 52 weeks is $16.70.

Blackstone Mortgage Trust Inc (BXMT) has a 20-day trading average at $17.57 and the current price is -25.61% off the 52-week high compared with 6.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.68 and its 200-day simple moving average is $19.94. If we look at the stock’s price movements over the week, volatility stands at 1.84%, which decreases to 1.76% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.75 to suggest the stock is neutral.

The consensus objective for the share price is $18.50, suggesting that the stock has a potential upside of 4.22% over the period.

BofA Securities downgraded the stock to “Neutral” from Buy on March 04, 2024 at a price target of $22-$21. UBS initiated its price target at $23.50.

Blackstone Mortgage Trust Inc (BXMT) stock is up 1.72% over the week and 1.14% over the past month. Its price is -16.69% year-to-date and -13.48% over the past year.

To reach the target analysts have set, the stock logically needs to grow 4.22 percent from here.

The company has a return on investment of 0.03% and return on equity of 0.11%. The price to earnings ratio (P/E ratio) amounts to 646.72 while the forward price to earnings ratio is 9.48. The beta has a value of 1.52. Price to book ratio is 0.74 and price to sales ratio is 1.53.