Six analysts have expressed varying opinions on Blackstone Mortgage Trust (NYSE:BXMT) in the past quarter, offering a diverse range of opinions from bullish to bearish.
The following table summarizes recent ratings, highlights the change in sentiment over the past 30 days, and compares it to the previous month.
Bullish Slightly Bullish Indifferent Slightly Bearish Bearish Total Rating 1 1 4 0 0 Last 30 days 1 0 0 0 0 1 month ago 0 0 0 0 0 2 months ago 0 0 1 0 0 3 months ago 0 1 3 0 0
Analysts' assessed 12-month price targets reveal further insights with an average target of $19.25, a high forecast of $23.00, and a low forecast of $17.50. The current average is down 3.75% from the previous average price target of $20.00.
Analysing analyst ratings: A closer look
A thorough analysis of recent analyst action will shed light on Blackstone Mortgage Trust's standing among financial experts. The summary below outlines the key analysts, their recent valuations, and adjustments to their ratings and target prices.
Analysts Analyst Firm Action Taken Rating Current Price Target Previous Price Target Thomas Catherwood BTIG announces buy $23.00 – Jade Rahmani Keefe, Bruyette & Woods Hold market average $18.00 $18.00 Jade Rahmani Keefe, Bruyette & Woods Down market average $18.00 $20.50 Richard Shane JP Morgan Down neutral $17.50 $18.50 Douglas Harter UBS Down neutral $19.00 $21.00 Donald Fandetti Wells Fargo Down overweight $20.00 $22.00
Key insights:
Actions: Analysts update their recommendations depending on dynamic market conditions and company performance. Whether an analyst's stance is “hold”, “upgrade” or “downgrade”, it indicates their reaction to recent developments related to Blackstone Mortgage Trust. This insight provides a snapshot of analysts' views on the current state of the company. Ratings: Analysts assign qualitative ratings to stocks ranging from “outperform” to “underperform”. These ratings convey analysts' expectations on Blackstone Mortgage Trust's relative performance compared to the overall market. Price Targets: Analysts dig into the moves and provide estimates of the future value of Blackstone Mortgage Trust's stock. This analysis reveals how analysts' expectations change over time.
Consider these analyst ratings alongside key financial metrics to gain valuable insight into Blackstone Mortgage Trust's market performance. Use our rating table to make an informed, thoughtful decision.
Keep up to date with analyst ratings for Blackstone Mortgage Trust.
Learn more about Blackstone Mortgage Trust
Blackstone Mortgage Trust Inc is a real estate finance company primarily engaged in originating and purchasing senior loans secured by commercial real estate in North America, Europe and Australia. The majority of the company's asset portfolio consists of variable rate loans secured by senior mortgages. These mortgages are sourced primarily from office, hotel and manufactured residential properties. A significant percentage of the secured real estate is located in New York, California and the United Kingdom. Blackstone Mortgage Trust is managed by a subsidiary of The Blackstone Group and benefits from market data provided by its parent company. Substantially all of Blackstone Mortgage Trust's revenue is generated in the form of interest income.
Unraveling the Blackstone Mortgage Trust Financial Story
Market Cap: The company has a high market cap, which is higher than the industry average, indicating a larger company and greater recognition in the market.
Negative Revenue Trend: A look at Blackstone Mortgage Trust's three-month financials reveals challenges. As of March 31, 2024, the company's revenue growth has declined by approximately -18.25%, reflecting a decline in sales. Compared to its peers, the company is lagging behind its peers in the financial sector with a lower growth rate than the average.
Net Profit Margin: Blackstone Mortgage Trust's net profit margin is below the industry average, indicating potential challenges in maintaining high profitability. With a net profit margin of -86.97%, the company may face obstacles in effectively managing costs.
Return on Equity (ROE): Blackstone Mortgage Trust's ROE is below the industry average, indicating that it may be difficult to maximize return on equity. With an ROE of -2.91%, the company may face obstacles in achieving optimal financial performance.
Return on Assets (ROA): Blackstone Mortgage Trust's ROA is below the industry average, indicating potential challenges in utilizing assets efficiently. With an ROA of -0.52%, the company may face obstacles in achieving optimal financial returns.
Debt Management: Blackstone Mortgage Trust's debt-to-equity ratio is significantly higher than the industry average, standing at 4.55, indicating high reliance on borrowed funds, raising concerns about financial leverage.
What are analyst ratings?
Analysts, who are experts in the banking and financial systems, specialize in writing reports on a particular stock or a particular sector. An analyst's comprehensive research includes attending company conference calls and meetings, analyzing financial statements, and interacting with insiders to create what is called an analyst rating for a stock. Analysts typically evaluate and rate each stock on a quarterly basis.
Some analysts also issue forecasts for metrics such as growth projections, earnings, and revenue, providing additional guidance on valuation. When using analyst ratings, it is important to remember that stock and sector analysts are human and are only providing opinions to investors.
This article was generated by Benzinga's automated content engine and has been reviewed by an editor.