Alert: Positive Investment/Fundamental Signals (11/6/23)-Blackstone Mortgage Trust Inc (NYSE: BXMT)


Notable positive changes in Blackstone Mortgage Trust Inc (NYSE: BXMT) fundamentals have recently occurred. Positive developments: the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.

Blackstone Mortgage Trust Inc (NYSE: BXMT). Important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, BXMT is expected to continue to be an important Value Builder.

Blackstone Mortgage Trust has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Blackstone Mortgage Trust has a good Appreciation Score of 77 and a good Power Rating of 79, triggering the Highest Value Trend Rating.

Recent Price Action

Blackstone Mortgage Trust Inc (NYSE: BXMT) stock declined by -1.7% on 11/6/23. The shares closed at $21.34. The stock has been exceptionally strong relative to the market over the last nine months and has risen 9.7% during the last week.

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