Blackstone Mortgage Trust Inc (BXMT) was Initiated by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Apr 18, 2016.
Many Wall Street Analysts have commented on Blackstone Mortgage Trust Inc. Shares were Reiterated by FBR Capital on Feb 17, 2016 to “Outperform” and Lowered the Price Target to $ 29 from a previous price target of $33 .
On the company’s financial health, Blackstone Mortgage Trust Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 16, 2016. Analyst had a consensus of $0.67.Analysts expectations of $ 79.49.During the same quarter in the previous year, the company posted $0.52 EPS.
Blackstone Mortgage Trust Inc opened for trading at $26.95 and hit $26.96 on the upside on Friday, eventually ending the session at $26.84, with a gain of 0.30% or 0.08 points. The heightened volatility saw the trading volume jump to 3,01,830 shares. Company has a market cap of $2,521 M.
In a different news, on Feb 24, 2016, Michael B. Nash (director) purchased 40,000 shares at $24.19 per share price. According to the SEC, on Jan 29, 2016, Paul D Quinlan (Chief Financial Officer) sold 316 shares at $24.52 per share price. On Jan 29, 2016, Thomas C Ruffing (Managing Director) sold 135 shares at $24.52 per share price, according to the Form-4 filing with the securities and exchange commission.
Blackstone Mortgage Trust Inc. is a holding company. The Company is a real estate investment trust (REIT) which is a real estate finance company that originates and purchases senior loans collateralized by properties in North America and Europe. The Company has two operating segments: the Loan Origination segment and the CT Legacy Portfolio segment. The Company’s Loan Origination segment includes the Company’s activities associated with the origination and acquisition of mortgage loans the capitalization of its loan portfolio and the costs associated with operating its business. CT Legacy Partners’ portfolio consists of cash loans securities and other assets. The Company’s focus is to originate loans and invest in debt and related instruments supported by institutional commercial real estate. It directly originates co-originates and acquires debt instruments in conjunction with acquisitions refinancing and recapitalizations of commercial real estate around the world.